1. Oberon Ltd has two items in Non-current assets at 31 March 2016.

Details are as follows:

Item	Building	Plant
Total cost	1600, 000	7600,000
Selling price	1500,000	83,00,000

2. Oberon Ltd paid an annual insurance premium of 190,800 for the year 1 March 2016 to 30 April 2019. This payment is included in administrative expenses.

3. The companys depreciation policy is as follows:

Buildings Straight-line over 50 years

Plant and equipment 20% Reducing Balance

The cost of the land was 2, 000,000 and all non-current assets are assumed to have zero residual values.

There were no additions to, or disposals of, non-current assets during the year ended 31 March 2020 except the plant.

Depreciation on buildings is charged to administrative expenses and depreciation on plant and equipment is charged to cost of sales.

4. At the end of 3^rd year, the plant is sold for Rs. 3.5 M and the depreciation is charged to its Provision account. The company shifts its operation buying an automatic plant with addition to some of the equity funds to facilitate the production process.

5. Compute depreciation of noncurrent assets for the period from its purchased and sold each year with its provision account includes year wise amount of each asset and total depreciation charged off for each year end.

Compute profit and loss on disposal of asset, if any and report to management in formal reporting format as per related IFRS.