Pls ans the whole of qn 1 and qn2

O 19 ,Ill 77% $ 10:50 Tutorial 2.pdf Q Tutorial 2 Page I of 3 Question 1 LA538 (Ex 6.5) A list of items that could be accounted for as intangible assets by Dory Lid is as follows: 1. Cost of purchasing a trademark 2. Unrecovered costs of a successful lawsuit to protect a patent 3. Goodwill acquired in the purchase of a business 4. Costs of developing a patent 5. Cost of engineering activity to advance the design of a product to the manufacturing stage 6. Deposits with an advertising agency for advertisements to increase the goodwill of the company Required Discuss which of these should be included as an intangible asset in the accounts of Dory Ltd. Give reasons for your answers. Question 2 LAS36 (Ex 7.5) At 30 June 2017, an entity holds a block of land from which it generates revenue by leasing It to agricultural enterprises. The land has a carrying amount of $2.5 million. An independent market appraisal has valued the land at $2.36 million but costs to dispose of the land are estimated at $100 000. The value in use of land is determined to be $2.33 million. Required (a] Determine the recoverable amount of the land (b) Prepare the appropriate journal entry to record any impairment loss that should be recognised. (c) Suppose now that this same block of land was carried under the revaluation model. (d) Prepare the journal entry to record any necessary adjustment assuming there had been no prior revaluations. (e) Prepare the journal entry to record any necessary adjustment assuming there had been a prior revaluation increase of $200 000. f] Prepare the journal entry to record any necessary adjustment assuming there had been a prior revaluation increase of $120 000. Tutorial 2 Page 2 of 3 Question 3 LAS36 (Ex 7.7) Spear Led reported the following information in its statement of financial position at 30 2016