Explain IN YOUR OWN WORDS the meaning of recognition, measurement and disclosure stated in Accounting Standards. Support your general explanation with providing an illustration of any transaction or event related to property, plant and equipment (PPE) specifically. To illustrate your chosen transaction or event: either (a) discuss which element of the financial statements should be recognised, how it should be measured, and how and where it should be disclosed in financial statements, or (b) show which element of the financial statements should be recognised, how it should be measured, and how and where this will be presented (disclosed) in financial statement. You can choose to show this illustration with excerpts from the annual report of a New Zeala