transaction has a significant element of financing, and an appropriate market$-$related discount rate is $14\%$ per annum.

$10.$ Taxation accrual for the period was estimated at R$1020000.$

$11.$ The company issued bonus shares to the shareholders at $1$ bonus share for every $5$ held. This is a non$-$cash transaction.

$12.$ An ordinary dividend of $R750000$ was declared at year end.

$13.$ A transfer of R$1500000$ was made from retained earnings to general reserves.

$14.$ The company prepares its statement of profit and loss in accordance with the function method.

Required:

Q$\mathrm{.}1\mathrm{.}1$ The managing director has asked you why the disclosure of the property, plant and equipment note is so onerous.

You have been tasked to write a report to the managing director explaining how the property, plant and equipment note meets the criteria of the fundamental qualitative characteristics and the enhancing qualitative characteristics as described in the conceptual framework.

Your answer should list and explain what each qualitative characteristic is and discuss how each characteristic is met in the disclosure of the property plant and equipment note.

Q$\mathrm{.}1\mathrm{.}2$ Prepare all the journal entries relating to the additional information in points $6$ to $9$ above. Journal narrations are not required.

Q$\mathrm{.}1\mathrm{.}3$ Prepare the property, plant and equipment note for Freedom$-$Co $($Pty$)$ Ltd for the year ended $31$ December $2024$ as required by IAS$16-$ Property, plant and equipment.

Show all workings as marks will be allocated.