Considering the accounting requirements for property, plant and equipment in accordance with IAS 16: a) Properties, typically comprising land and buildings, are acquired together. How are properties accounted for and measured? (3 marks) b) How does the measurement of property, plant and equipment differ when using the cost model compared to when using the revaluation model? (5 marks) c) What requirements, if any, must be met before a company may use the revaluation model? (3 marks) d) In times of increasing fair values, what is the effect of using the revaluation model on a company's profit before tax? (3 marks) e) Can a company apply the revaluation model to some of its properties, but choose to use the cost model for other properties that have dropped in value? And is it possible to use the revaluation model for properties, while using the cost model for plant and vehicles? (4 marks) Required: Provide short answers, with explanations, to each of the above questions. (Part B: 18 marks)