Question 1 The following balances were taken from the financial statements of UNAM Ltd for the year ended 31 December 2011. Cost Accumulated depreciation N$ N$ Office equipment 150 000 30 000 Furniture & fittings 650 000 350 000 Land & buildings 1 000 000 175 000 Vehicles 210 000 84 000 computer equipment 100 000 50 000 Additional information 1. Depreciation rates and methods: Furniture & Fittings 10% p.a straight line Buildings 2% p.a straight line Vehicles 20% p.a straight line Computer equipment- 25% p.a straight line Office equipment 20% diminishing balance 2. A motor vehicle was sold on 1 July 2012 for $40 000. The cost and accumulated depreciation at 31December 2011 was $50 000 and $20 000 respectively. 3. The land component of land and buildings represents 22% of the total cost. 4. The following assets were purchased for cash during the year: Delivery vehicle 1 October 2012 -$75 000 Desk 1 July 2012 $10 000 Laptop - 1 January 2012 $5 000 Required a) Disclose all property, plant & equipment and relevant items in the financial statements of UNAM Ltd forthe year ended 31 December 2012 so as to comply with the requirements of IFRS. Comparative amountsare not required. Ignore the note on the statement of compliance with IFRS 20 Marks