Question: fully explain with steps otherwise downvote:( Fast Transit Company (FTC) reported the following non-current assets at the end of 2020: The item Property, plant and

fully explain with steps otherwise downvote:( Fast Transit Company ("FTC") reported

fully explain with steps otherwise downvote:(

Fast Transit Company ("FTC") reported the following non-current assets at the end of 2020: The item "Property, plant and equipment" (PPE) consists of 2 assets: 1 vehicle which has been fully depreciated since 2017 1 warehouse which was purchased on 1 April 2020 for $1,350,000. Straight-line depreciation is used for this asset. Required: (a) Journalize the transactions related to PPE in 2021. Explanations are not (30 marks) required

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