Remaining Time: 49 minutes, 40 seconds. Question Completion Status: QUESTION 1 Which TWO of the following statements are true in respect to the treatment of the ten motorbikes given to the film production company of 'Phantom Rider'? a. The 2 million cost to produce the motorbikes sent to the film production company should remain within cost of sales in the year ended 30 September 2021. b. The capitalisation of the 2 million cost of production of the motorbikes sent to the film production company as an intangible asset is incorrect under IFRS as the item does not meet the definition of an intangible asset under IFRS. c. The 2 million cost of production of the motorbikes sent to the film production company should be recorded as an expense in the year ended 30 September 2021. d. The 2 million cost to produce the motorbikes sent to the film production company should be recorded as a liability in the year ended 30 September 2021. e. The capitalisation of the 2 million cost of production of the motorbikes sent to the film production company as an intangible asset is correct under IFRS. QUESTION 2 2 points Save A 1 points S