QUESTION 2 (20 Marks) a) Discuss the disclosure requirements for Property Plant and Equipment. Make references to relevant International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) (10 marks) b) Discuss the treatment and accounting requirements for constructed assets. (Please give an example of constructed asset) (5 marks) c) Explain what depreciation in accounting is and why it is shown as an adjustment to cash in the operation section on the statement of cash flows