ONE [25] 1.1 Four alternatives are presented for each of the following questions. Choose the correct alternative for each of the questions/statements. The letter corresponding to your choice must be recorded next to the question number in your solution. 1.1.1 Which of the following is not an example of an intangible asset? A) Goodwill. B) Computer software. C) Patents and trade marks D) Computer hardware (1) 1.1.2 Busi Ngidi is the sole proprietor of Ngidi's Clothing Manufacturers which was renting property in an industrial park. To expand her operations, Ngidi's purchased its own property, demolish the old building, construct a new building and install new equipment. The following costs were made available Ignore VAT implications: Equipment R (2) Purchase price of equipment 400 000 Cost of transport and installation of equipment. 70 000 Fine paid for illegal transport of equipment 10 000