Question Two On January 1, 2020, Lebosky Ple acquired a 200KVA generator at the cost of N125million and the vendor gave a ... Atwonat of 3% on cost. Other costs incurred on the generator are as follows: The installation and setting up period took tree monuns aus mer monnw..., 00,000 was spent on cost directly relating to bringing the generator to its working condition. The generator was ready for use on April 1, 2020 and it bas an estimated useful life of 15 years and a residual value of N1.500.000. It was also estimated that the generator would be dismantled at a cost of N1,250,000 after the end of the useful life. You are required to: i. Calculate the cost of the generator to be included in the non-current asset schedule of the statement of financial position as at December 31, 2017. ii. The depreciation charge to be included in statement of profit or loss for the year ended December 31 . 2020 assuming the company uses straight line method