Surat Limited paid cash to acquire an aircraft on January 1, 2017, at a cost of 30,000,000 rupees. The aircraft has an estimated useful life of 40 years and no salvage value. The company has determined that the aircraft is composed of three significant components with the following original costs (in rupees) and estimated useful lives Useful Life Component Fuselage 10,000,000 40 years Engines 15, 000,000 30 years Interior Cost 5,000, 000 30,000,000 20 years The U.S. parent of Surat does not depreciate assets on a component basis, but instead depreciates assets over their estimated usefl life as a whole. Assume that a foreign company using IFRS is owned by a company using US. GAAP Thus, iFRS balances must be converted to U.S GAAP to prepare consolidated financial statements ignore income taxes