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D3 Answer the following. A Mr. Jayasurya a SriLankan citizen and a plantation owner with 20 hectares of land, invested in the plantation of cocomt

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D3 Answer the following. A Mr. Jayasurya a SriLankan citizen and a plantation owner with 20 hectares of land, invested in the plantation of cocomt fam. In addition to this, he owns a pickup truck and tractors that are used for his plantation work and transport feed for the cattle. Mr. Jayasurya implemented highly mechanized machinery and methods that require a small labor force The climate of Sri Lanka is suitable for tropical cops. t is an ideal place for Plantations and growing other tropical crops as well In Sri Lanla, labor was recruited to do several tasks of production like extracting latex from the rubber trees and plucking tea leaves from the tea plantations. A decent amount of capital investment is required in the plantation sector. The capital investment can be in preparing the land purchase of equipment and agricultural machinery, and buildings for processing the harvested crop. Theplantation owners also invest in other costs like purchasing fertilizers and pesticides. The application of pesticides shall enhance land mineral quality and improve productivity. Mr. Jayzuya generally covers a wide are of land to produce plantation crops but in a certain situation, the outputperunitis usually low. There is another type of plantations that require a good amount ofcapital investment like, rubber, tea and coffe. Along with the cocomit farm, Mr. Jayasurya owns cattle farms and breeding stocks forits agricultural activities Answer the following questions I Do you consider the pickup truck, and tractors as a part of PPE as per IAS 16 or (not? justify your answer with properevidence (2 Marks II. Give your judgment on the decision to include coconut trees, and land as a pat (of PPE or not? Justify your answer with proper evidence. (2 Marks

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