Therfield, a public limited company, operates a national chain of supermarkets. The finance director requires advice on how to account for the transactions below for the year ended 30 September (a) (b) (c) (d) As well as selling food, on 1 April Therfield purchased a ten year pharmacy licence for $5m and opened pharmacies in some of its larger stores. As a result, Therfield had to spend $0.5m training and recruiting pharmacists, $0.3m marketing its new products and $1m fitting out a new (5 marks) dedicated area Of the store for the pharmacy. Theffleld has a policy of upgrading their computers every five years. On 1 October Therfield spent $3m on new hardware, $0.2m on related installation costs, $0.4m on the latest version of Windows (the hardware did not include an operating system) and $0.1 m on the latest version of Microsoft Office. From 1 October 20XO to 1 April , the internal IT department developed a new program to incorporate the new pharmaceutical products at a total cost of (5 marks) $0.3t-n. Thelfleld has a policy of buying up available land in suitable locations outside town centres for potential development of future stores. Therfield does not have a policy of revaluing its land and buildings unless they are investment property. At 30 September 20X1 Therfield held: land which had cost $20m which had not yet been developed land on which construction of a new store had started at a total cost of $30m land which Therfield had purchased but had decided was unsuitable for development of a store and instead during the year constructed residential property for rental income. This land and property construction cost $40m in total. Construction Was completed on 1 April The fair value Of the land and buildings at the year end was $45m. (4 marks) Historically, Thetfield has had a problem with high staff turnover due to low salaries and having to