Subject:Assignment Give me the answer

10 marks Question 1: Refer to the following portion of Grameenphone's balance sheet as on 31st December 2020. Only the asset portion of their balance sheet is presented below. Grameenphone Ltd. Statement of financial position As at 31 December 2020 31 December 2020 BDT (000) 31 December 2019 BDT (000) Assets Notes Non-current assets Property, plant and equipment Intangible assets Right-of-use assets Contract cost Other non-current assets Total non-current assets 4 5 6 8 9 56,901,192 2,316,587 53,532,673 4,934,438 20,568,456 138,253,346 62,396,558 2,274,803 58,028,533 4,480,157 555,200 127,735,251 Current assets Inventories Trade receivables and others Cash and cash equivalents Total current assets Total assets 10 11 12 201,068 7,131,165 2,598,738 9,930,971 148,184,317 225,441 7,013,053 13,760,677 20,999,171 148,734,422 As you can see, other non-current assets had a significant rise between 31st December 2019 to 31st December 2020. To understand the reason for this increase, you look at Note 9 which provides a detailed breakdown of their other non-current assets. Note 9 of their annual report is presented below. 9 Other non-current assets As at 31 December 2020 BDT (000) As at 31 December 2019 BDT (000) 532,910 Appeal deposits Deposit to BTRC (Note 9.1) Security deposits for utility services and other investments 552.299 20,000,000 16.157 20,568,456 22.290 555,200 9.1 Deposit to BTRC Deposit of BDT 20,000,000,000 to BTRC was made pursuant to the order of Hon'ble Appellate Division of the Supreme Court of Bangladesh. The details of the dispute are discussed in Note 45 (Contingencies) to these financial statements. To understand the background behind Grameenphone's deposit to BTRC, read the article published in The Daily Star at the following link: Grameenphone to pay BTRC Tk 1,000cr today (Click on the article title to read the full piece] Based on the background information presented in the article, do you think is correct to identify deposit to BTRC as an asset according to the revised definition of asset mentioned in Chapter 4 of Conceptual Framework 2018? Why or why not? Justify your