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QUESTION 3 Oak United Football Club's statement of financial position at 31st December, 2018 include the following information: Stadium Depreciation Additional Information Depreciation has been

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QUESTION 3 Oak United Football Club's statement of financial position at 31st December, 2018 include the following information: Stadium Depreciation Additional Information Depreciation has been provided at 2% on the straight -line basis. The stadium is revalued on 31 March 2019 to GHC 1,380,000. There is no change in its remaining estimated future useful life. Required: a. Prepare the income statement extract and the statement of financial position extract as at 31st December 2019 b. BB owns the following properties as at 31st December 2020

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