Revision Unseen - WEEK 13 ( 10 Marks) You are the owner of IE Airways Partners and are on a growth drive by buying a new fleet of planes. The business is registered as a partnership. You order 10 A350's from Europe, each plane costs 15 Million Euros and you take these on credit. The spot rate on the 1st of November is R15 to 1 EURO. These planes will be used in your business. Sars charges you a non-refundable import duty of R10 million rands. The depreciation for each plane is 10 years Required Prepare a memo at 31 December 2020 explaining how you would account for the above in the partnership books. (Use journals to showcase your understanding)