Question 6 (a) On 1st April 2019, an entity purchased an office block (building) for 250,00,000 and paid a non-refundable property transfer tax and direct legal cost of 72,50,000 and 750,000 respectively while acquiring the building. During 2019, the entity redeveloped the building into two-story building. Expenditures on re-development were: 31,00,000 Building plan approval; 10,00.000 construction costs (including 760,000 refundable purchase taxes), and 40,000 due to abnormal wastage of material and labour. When the re-development of the building was completed on 1st October 2019, the entity rents out Ground Floor of the building to its subsidiary under an operating lease in return for rental payment. The subsidiary uses the building as a retail outlet for its products. The entity kept first floor for its own administration and maintenance staff usage. Equal value can be attributed to each floor. How will the entity account for all the above mentioned expenses in the books of account? Also, discuss how the above building will be shown in Consolidated financial statement of the entity as a group and in its separate financial statements as per relevant Ind AS. (5 Marks! Question 6 (a) On 1st April 2019, an entity purchased an office block (building) for 250,00,000 and paid a non-refundable property transfer tax and direct legal cost of 72,50,000 and 750,000 respectively while acquiring the building. During 2019, the entity redeveloped the building into two-story building. Expenditures on re-development were: 31,00,000 Building plan approval; 10,00.000 construction costs (including 760,000 refundable purchase taxes), and 40,000 due to abnormal wastage of material and labour. When the re-development of the building was completed on 1st October 2019, the entity rents out Ground Floor of the building to its subsidiary under an operating lease in return for rental payment. The subsidiary uses the building as a retail outlet for its products. The entity kept first floor for its own administration and maintenance staff usage. Equal value can be attributed to each floor. How will the entity account for all the above mentioned expenses in the books of account? Also, discuss how the above building will be shown in Consolidated financial statement of the entity as a group and in its separate financial statements as per relevant Ind AS. (5 Marks