Property, plant, equipment (10 marks) Presented here are selected transactions for Kovan Ltd for 2022. Required a. Journalise all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Kovan Ltd uses straight-line depreciation. The financial year-end is 31 December. Include narrations. (6 Marks) b. How is a gain or a loss on the sale of a PPE asset calculated? (2 Marks) c. In comparison to the straight-line method, what are the effects on depreciation expense and profit of two (2) alternative depreciation methods: the diminishing balance method and units-of-production method. (2 Marks)