QUESTION 3 (25 Marks) 3.1. Discuss the disclosure requirements for a change in accounting policy. (7 marks) 3.2. RT (LTD) purchased a plant for R3 000 000 on 1 January 2018. Depreciation on a straight-line basis over 25 years Residual Value R500 000 On 1 January 2022, the company reassessed the remaining useful life of the asset and calculated it to be 16 years and the residual value was changed to R250 000 Disclose the change in accounting estimate for the year ended 31 December 2022? (15 marks) 3.3. State the journal to correct the depreciation? (3 marks)