Finally, the accountant has started the PPE and Depreciation Schedule for the year ended September 30 , 2023. At Island Solutions, the depreciation policy is to apply one month's ownership, one month's depreciation. Your team was provided with the following information. - Land and Building were acquired for $800000 in a lump sum purchase. At the time of acquisition, the appraised values of the land and building were $90000 and $810000 respectively. - Equipment with an appraised value and residual value of $40000 and $3000 respectively was received by the company as a donation. - Machinery costing $182900 inclusive of $600 installation expense and $14900 normal repair and maintenance cost, and with a $6000 estimated salvage value was sold on February 1, 2023. TASK 7: 1. Explain three (3) similarities and two (2) differences between IFRS and US GAAP with respect to accounting for property, plant and equipment. 10m 2. Complete the PPE and Depreciation Schedule below by providing the values for [a] - [j]. Show all workings. 16.5m