Question 4 (25 marks) Answer all parts below a) The following disclosure has been extracted from Tesco's 2020 Annual Report about its accounting policies, judgements and estimates for Property, plant and equipment: Property, plant and equipment is carried at cost less accumulated depreciation and any recognised impairment in value. Property, plant and equipment is depreciated on a straight-line basis to its residual value over its anticipated useful economic life' (Tesco Annual Report, 2020, p. 86). i) Based on the above disclosure, identify the accounting convention that Tesco applies when accounting for its Property, plant and equipment. (2 marks) ii) Explain how the accounting conventions applied at Tesco affect its book value compared to its market value? (6 marks) b) Given that accounting information helps various user groups make informed decisions based on their needs, explain the main differences between financial accounting and management accounting? (8 marks) c) Explain what you understand about sustainability reporting and some of the challenges experienced by businesses in sustainability reporting compared to traditional financial reporting practices. (9 marks) (Total 25 marks)