Question 2: Current Cost Accounting Exactly one year after it was incorporated, the following trial balance figures (as at 30 June 2017) were made available by Kumar Ltd. Historical Cost Figures Plant and Equipment Accumulated Depreciation Depreciation 100,000 10,000 10,000 Further information about Plant and Equipment Plant and Equipment Useful life Residual Value End replacement cost (as at 30 June 2017) Required Using current cost accounting, 10,000 zero 110,000 i) Calculate the realized savings from depreciation. 3 marks ii) Calculate the unrealized holding gains on plant and equipment 3 marks iii) Explain what the unrealized holding gains calculated in ii). 2 marks