QUESTION TWO ALARM company ltd has the following list of assets and liabilities as at Dec 31 2013: Goodwill Patent right Land and buildings Plant and Machinery Motor vehicle Inventories Receivables Cash and bank balance 12 bank loan Finance lease obligation Other creditors The following additional information is relevant: 1. 2. 3. 5. +56 6. Required: GHS 11,200 10,900 157,500 76,000 50,700 89,600 73,000 45,400 (50,000) (24,700) (55,600) Included in the plant and machinery is a plant with a carrying amount of GHs28,000, which is used to produce a special local food, mainly for export; therefore, its cash flows are in USD. Its expected useful life is 3 years, and it is expected to generate USD 7,800 p.a averagely, has a scrab vale of USD 1,900 and expected removal cost of US 3,100 One of the motor vehicles was involved in an accident on Dec 31, 2013, and has an expected scrap value of GHS 2,100. Its carrying amount included in the above carrying amount of motor vehicles is GHS 12,300. The market value of Ayim ltd as at the close of Dec 31 2012 was GHS 330,100 on the Ghana Stock Exchange. It was believed the Value in Use of the entire entity as at that date was not materially different from its market value. The cost of borrowing in USD to Ayim ltd was 10%. The spot rate of USD to GHS on Dec 31 2013 is 2.1. Corporate tax rate is 25%. Show how the above will be treated in the FS of Ayim ltd as at Dec 31 2012 in accordance with IAS 36.