Question: please answer q2 only GROUP PROUECT IFAR210 / IAN2O23 2. At the end of 2022, the compary's old delvery truck was broken down beyond repair.

please answer q2 only
GROUP PROUECT IFAR210 / IAN2O23 2. At the end of 2022, the compary's old delvery truck was broken down beyond repair. The drectors decided to dispose it. No record has been made on this transaction. The ald truck was acquired on 1 July 2018 at RM180,000. As a replacement, the directors decided to acquire TWO (2) new delivery trucks for transportation of their products. On 12 Decernber 2022, the trucks were acquired from a TwoTruck Desler for RM200,000 each. The estimated isseful Ife of the new acquired trucks are five (5) years. The detaits of the costs incurred in telation to the acquisition of the new trucks are as follows: Only RM200.000 was paid by cash on that date of purchase. Mearrahile the balance of the amount due is settled by obtaining a loan from Bark Masyarakat Bhd. No record has been made on this acquisition. Required: a. Explain whether Dasz Bhd can recognized the new acquired trucks as items of property, plant and equipment in accordance with MFRS 116 Property. Plant and Equpment. (3 marks) b. By relerting to the new acquired trucks and in accordance with MFRS 116 Propevty. Plant and Equipment, interpret 'initial measurement' of a purchased property. plant and equipment. (4 marks) c. Calculate the initial cost of the new acquired trucks. (4 marks) d. Determine the journal entries for the acquisition of the new acquired trucks: (4 marks) e. Recommend Dasz Bhd on the accounting treatment for the disposal of the old truck. (5 marks) (Total: 20 marks) 3. At the end of the year, few models of the printer, plotter and photocopy machines wore remained unsold. Below are detals of the unsold products: Required: a. Describe whether the unsold products above are items of invensory in accordance with MFR.S102 inventories. (3 marks) 3 GROUP PROUECT I FAR210 I JAN2023 b. Determine the value of the unsold products as at 31 December 2022 using hem-byitem valuation. (5 marks) (Total: 8 marks)
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