provide all the related journal entries in the journal of Agri- green Namibia limited for each of the financial years ended 31.December 2016,2017,2018 and 2019

Agri-Green Namibia Limited has been trying to develop a chemical that can be released into atmosphere to break the greenhouse gases that are less damaging to the environment The accountant is aware that N$1 543 350 has been incurred and paid for 2015 2019, but has been told by the auditors that the manner in which he has accounted for these is incorrect and given the significant amounts involved they will have to qualify the auditorsport it is not corrected. The auditors had already told him to correct this a month ago but he has not done so, since he has lost the original detail provided to him by the chief scientist The chief scientist has scribbled the following details down for you regarding the work done on this project by his department to date. Memorandum From: Chief Scientist To: Financial Accountant Below please find a summary of events that occurred between 2016 and 2018 2016 We spent NS175 800 (45% on research and 55% on chemists working on the development of the chemical We were in the early stage of the project in 2016 and thus we were not yet sure it was technically feasible 2017 We spent $687 500 all of which was incurred in our laboratories. We had a meeting to explain that our project was definitely technically feasible. If you remember, you were in attendance and remarked that certain definitions and something you referred to as the recognition criteria had all been met am not sure what this means to you, anything but I have the minutes from the meeting scribbled in my diary) One of the bean counterstrom upstairs said something about a recoverable amount of N5775 000 at 31 December 2017. I am not sure what he meant, but it may be important to you it had to do with Clean Sky Limited going into competition with us recal correctly . 2018 This was a bad year to start with our project was suspended in January due to the significant competition posed by Cleen Sky Limited. We were forced to trat budgets and perform cont projections and such to ensure that our project was financially viable. Obviously, the concerns were groundiess, and we simply ended up wasting N533 250 on this stle exercise (which wasted the entire month). We were given the go ahead in February to resume our work and spent N5345 800 over the rest of the year. My records reflect that your depanment decided that your definitions and recognition criteria for capitalization were met from February - oh, and your recoverable amount on 31 December 2018 was calculated to be N51 380 000. By the way, of the N$345 800, NS40 000 was spent on administrative tasks We finished our project around Christmas time or maybe a day or so before New Year, I can't recall exactly. So, we were ready to go into production from January 2019. but for some reason production did not happen until 1 April 2019 Hope this helps The accountant has shown you this memorandum and has asked that you show him how he should account for this project. He tell you that the project has a useful life of 5 years, ani residual value and amortization is calculated on the straight-line basis Agri-Green Namibia Limited has been trying to develop a chemical that can be released into atmosphere to break the greenhouse gases that are less damaging to the environment The accountant is aware that N$1 543 350 has been incurred and paid for 2015 2019, but has been told by the auditors that the manner in which he has accounted for these is incorrect and given the significant amounts involved they will have to qualify the auditorsport it is not corrected. The auditors had already told him to correct this a month ago but he has not done so, since he has lost the original detail provided to him by the chief scientist The chief scientist has scribbled the following details down for you regarding the work done on this project by his department to date. Memorandum From: Chief Scientist To: Financial Accountant Below please find a summary of events that occurred between 2016 and 2018 2016 We spent NS175 800 (45% on research and 55% on chemists working on the development of the chemical We were in the early stage of the project in 2016 and thus we were not yet sure it was technically feasible 2017 We spent $687 500 all of which was incurred in our laboratories. We had a meeting to explain that our project was definitely technically feasible. If you remember, you were in attendance and remarked that certain definitions and something you referred to as the recognition criteria had all been met am not sure what this means to you, anything but I have the minutes from the meeting scribbled in my diary) One of the bean counterstrom upstairs said something about a recoverable amount of N5775 000 at 31 December 2017. I am not sure what he meant, but it may be important to you it had to do with Clean Sky Limited going into competition with us recal correctly . 2018 This was a bad year to start with our project was suspended in January due to the significant competition posed by Cleen Sky Limited. We were forced to trat budgets and perform cont projections and such to ensure that our project was financially viable. Obviously, the concerns were groundiess, and we simply ended up wasting N533 250 on this stle exercise (which wasted the entire month). We were given the go ahead in February to resume our work and spent N5345 800 over the rest of the year. My records reflect that your depanment decided that your definitions and recognition criteria for capitalization were met from February - oh, and your recoverable amount on 31 December 2018 was calculated to be N51 380 000. By the way, of the N$345 800, NS40 000 was spent on administrative tasks We finished our project around Christmas time or maybe a day or so before New Year, I can't recall exactly. So, we were ready to go into production from January 2019. but for some reason production did not happen until 1 April 2019 Hope this helps The accountant has shown you this memorandum and has asked that you show him how he should account for this project. He tell you that the project has a useful life of 5 years, ani residual value and amortization is calculated on the straight-line basis