Question 1 Shapumba Ltd is a company that operates 3 different leisure lodges in the north and north-eastern part of Namibia. The companys reporting period ends on 30 June. The following relevant accounting policies of Shapumba Ltd are presented to you: - Vehicles are depreciated at 10% per year on cost price with no residual value. - The company values its inventory according to the weighted average cost method using the historical cost model. - The company subsequently measures investment property according to the fair value model. The company is preparing the financial statements for the reporting period ended 30 June 2017 and has requested your assistance and advice on the following matters. The financial statements will be approved on 20 August 2017.