On 1st July x13 the aircraft suffered a bird strike accident which damaged the engines, which...

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On 1st July x13 the aircraft suffered a bird strike" accident which damaged the engines, which needed to be replaced by new engines with a life of 36,000 hours at cost of 19,800 CU. The accident also caused cosmetic damage to the exterior of the aircraft which required repainting at a cost of 2,000 CU. What are the carrying amounts of the aircraft components at 31st December x13 and what are the charges to the income statement during x13? (24 credits) b. Explain the benefit of the approach used under a. Why does this approach provide more useful information than treating the whole aircraft as one asset with one life-time period? (6 credits) On 1st July x13 the aircraft suffered a bird strike" accident which damaged the engines, which needed to be replaced by new engines with a life of 36,000 hours at cost of 19,800 CU. The accident also caused cosmetic damage to the exterior of the aircraft which required repainting at a cost of 2,000 CU. What are the carrying amounts of the aircraft components at 31st December x13 and what are the charges to the income statement during x13? (24 credits) b. Explain the benefit of the approach used under a. Why does this approach provide more useful information than treating the whole aircraft as one asset with one life-time period? (6 credits)