Question: 2 Egg plc purchased a property for E1 000 000, of which E200 000 is allocated to the cost of the land and 800 000
2 Egg plc purchased a property for E1 000 000, of which E200 000 is allocated to the cost of the land and 800 000 to the cost of the building 1. The cost of the property of 1 000 000 is deprecated over the estimated useful life of the property The cost of the land of 200 000 is depreciated over the estimated useful life of the land, 3. The cost of the building of 800 000 is depreciated over the estimated useful life of the building The land is not depreciated. The building is not depreciated. 4. S. Select one: a. 2 and 3 are correct b. 4 and 5 are correct c. 2 and 5 are correct d. 3 and 4 are correct e. 1 only is correct
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