Patra 60 is preparing its financial statements for the year ended 30 June 20X5. The cotowirg ponts are rabvant. Falra Ce manutactures network printers for use in large offices. The market for these peritere is in decine and so an impaiment review of the network printer production int (as a smgle cash generating unit) was conducted on 30 June 205. ho response to changes in the market, Petra Co is setting up a new production line to manufacture small desktop printers that are used with laptops. It purchases a machine on 15 Decamber 204 and the following cosis are relevant to the new production line: To comply with govermment regulations, the production line machine will need to undergs a major inspection on 15 December 205 and once every three years thereafter. How should the first inspection be accounted for in the financial statements for the year ended 30 June 206 ? II should be capitalised as an asset in the year ended 30 June 205 and depreciated over the useful life of the machine It should be provided for in the financial statements for the year ended 30 June 205 and the expenditure written off against that provision when incurred It should be charged in full to profit or loss in the year ended 30 June 206 It should be capitalised as an asset in the year ended 30 June 206 and depreciated over the three years from 15 December 205