Question 4 (30 marks) a Describe the appropriate accounting treatment for each of the following properties of Company X with reference to the prevailing accounting standards in Hong Kong. i Property A was purchased five years ago for $300,000. The property is let out to private individuals for six-monthly periods. The current market value of the property is $350,000. ii Property B was acquired 10 years ago for $150,000. This is used by Company X as its headquarters. The residual value was estimated to be zero