Please help with questions $1\mathrm{.}2$ and $1\mathrm{.}3$

Q$\mathrm{.}1\mathrm{.}1$ Discuss how Boss$-$Inc $($Pty$)$ Ltd should treat the dismantling costs related to the plant in the annual financial

$(8)$

statements.

Q$\mathrm{.}1\mathrm{.}2$ Calculate the cost at initial recognition of all the assets mentioned above.

$(22)$

Hint: for the Building costs show the split between the property, plant and equipment portion of the costs and the investment property portion of the costs.

Q$\mathrm{.}1\mathrm{.}3$ Prepare all the journal entries related to the recognition of each of the assets costs calculated in Q$\mathrm{.}1\mathrm{.}2.$ Note: any costs that are not part of the initial cost recognition calculated in Q$\mathrm{.}1\mathrm{.}2$ above should be allocated to "Administrative Expenses".

Question $1$

$($Marks: $100)$

Boss$-$Inc $($Pty$)$ Ltd incurred the following costs in the construction and acquisition of some of its assets. Boss$-$Inc $($Pty$)$ Ltd$\text{'}$s year$-$end is December $2024.$

Plant

The following costs were incurred by Boss$-$Inc Ltd in the construction of a new plant for the year ended $31$ December $2020.$ The plant was brought into use on $1$ January $2021.$

$\backslash$table$[[$Direct materials,R$3360000],[$Direct labour,R$4560000],[$Production overheads are $80\%$ of direct labour cost,$80\%$