TASK 1.0 Amaze Sdn Bhd provides airport terminal services to the Alice International Airport (AIA). Among the services provided include air traffic control, aircraft loading and unloading, and aircraft cabin cleaning. The items currently possessed by the company ranges from $300.000 which include air traffic control system, grand power units (to supply power to AIA), tugs, tractors and dollies to transport the baggages from the airport to the terminal for sorting, sorting system for the baggages, right down to $300 for specially designed vacuum cleaners for cabin cleaning. These items are being used in the operations of the company's normal course of business. All the equipment have useful life of more than year, including the vacuum cleaners. However, it is the usual practice for the companies to scrap off the vacuum cleaners after 5 years to ensure that all the cabins are thoroughly cleaned in time to prepare the aircraft for its next flight or when the vacuum cleaners start to work less effectively, whisbeves eacier. All other equipment can be used immediately except for the air traffic control system and sorting System which need to be installed by a professional installer. The cost of installing these systems is $35.000 which is additional to the attributable cost of acquiring the systems a) Explain whether the items listed below meet the definition of an asset, 1. Air traffic control system 2. Grand power units 3. Tugs 4. Tractors 5. Dollies 6. Baggage sorting system 7. Vacuum cleaners b) Discuss whether the item in (a) meet the criteria of property, plant and equipment c) How to account for the installation costs for the item below: Air traffic control system Baggage sorting system