UESTION 2 - PART 1 : Denali Ltd has spend \\( 9 \\mathrm{mln} \\) in developing a new accounting software for its payment ystem for the period of 1 Jan 2021 - 31 Dec 2022 (it is spread equally across 24 months). The company is able to demonstrate that from 1 Jul 2022 the production process met the criteria for recognition as an intangible asset. The financial year end is 31 Dec (4 marks) - On 1 Jul 2022, Alfa Ltd acquired another rival Sunny Ltd for a total sum of \\( 550 \\mathrm{~min} \\). On this date, a brand valuation expert valued "Sunny" brand at \\( 80 \\mathrm{mln} \\) on the basis of useful life of 10 years. Other net assets were deemed to have a fair value of \\( 280 \\mathrm{~min} \\) ( 4 marks) Required: Explain, with reasons, how the costs given above should be treated in the financial statements for year ending 31 Dec 2022 in relation to intangible assets per IAS 38. 2.-Amazing Ltd offers its customers pizza deal if they send in 7 tokens from its product purchase. During the year to 31 Decem