Question 5 A. Asaawa enterprise purchased a set of office computers at the price of GHc 2000. The estimated useful life of the asset is 5 years and a salvage value of GHC 400. Explain why the office computers should be treated as an asset. (5 marks) B. Asaawa enterprise has not paid its staff for the past few months. Salaries in arrears amount to GHc 4,000. The business is preparing the end of year financial statements and will definitely treat the unpaid salaries as a liability. On what accounts should the unpaid salaries be considered as a liability? (5 marks) C. Asaawa enterprise sold goods for GHc 1,000 on credit to Peter. As at the year-end 315 December 2019, Peter had still not settled his balance on account. Discuss the accounting treatment for the above transaction, making reference to any relevant accounting concept(s) or convention(s). (5 marks) D. Asaawa, the owner of Asaawa enterprise, for the past years uses her private car to run her business as well as her own personal affairs and charges fully the car running expenses to the business. Comment on the above accounting practice, making reference to any relevant accounting concept (s) or convention (s). (5 marks) (Total: 20 marks)