QUESTION $3$

$(45$ Marks$)$

Bluehound Coach Lines $($Pty$)$ LId $($Bluehound$)$ is a South African travel agency and transport service company. Bluehound operates luxury Bluehound coaches and semi$-$luxury, and therefore affordable, coaches in Towniner. The company transports passengers between major cities and towns on a daily basis. Bluehound transports on average $800000$ passengers per annum, while Townliner transports on average $500000$ passengers per annum across the country and bordering countries. However, this record history changed drastically and unexpectedly when Covid$-19$ hit the shores of South Africa in March $2020,$ the start of the of the compal Y$\text{'}$s financial year:

The company year$-$end is the iast day of February

Below is an extract of the Bluehound

$\backslash$table$[[$Property Plant and Equipment,$1,31,948,778,44,097,207$ financial

Where relevant, you may assume that residual values are zero.

The following is a breakdown of carrying amounts of property, plant and equipment shown in the extract above:

Provisions

A summary of the provisions ledger accounts shows the following:

$\backslash$table$[[$Provision for claims, accommodation and shuttling,,$2021,2020],[$Provision for penalies ano fines,$4\mathrm{.}1,(1,740,000),(2,970,000)$

$\backslash$table$[[,,2021,2020],[$Land$,1\mathrm{.}1,2,100,000,2,300,000$ information:

$\backslash$table$[[,$Notes,$2021,2020],[,,R,R$