Context: Details of accumulated depreciation of property, plant and equipment are as follows.Assets Cost Rs. ‘000’ Accumulateddepreciation Rs. ‘000’Motor vehicleOffice equipmentLand and building(Land cost Rs. 5 000)2 0001 0009 7006006251 80012 700 3 0252. In accordance with inventory records, cost value of stock on 31.12.2021 is Rs. 450 000. However, thegoods taken by Gayathri for her private need have not been recorded.3. Telephone charge not paid up to 31.12.2021 is Rs. 30 000.4. Property, plant and equipment are depreciated on straight line method. The details useful life time andresidual value are given below.Grade - 12 (2023) – 2023 FWC - 7 - Accounting- IAssets Useful life time Residual valueMotor vehicleOffice equipmentBuilding20 years10 years18 years--- Details of accumulated depreciation of property, plant and equipment are as follows. Assets Cost Rs. ‘000’ Accumulated depreciation Rs. ‘000’ Motor vehicle Office equipment Land and building (Land cost Rs. 5 000) 2 000 1 000 9 700 600 625 1 800 12 700 3 025 2. In accordance with inventory records, cost value of stock on 31.12.2021 is Rs. 450 000. However, the goods taken by Gayathri for her private need have not been recorded. 3. Telephone charge not paid up to 31.12.2021 is Rs. 30 000. 4. Property, plant and equipment are depreciated on straight line method. The details useful life time and residual value are given below. Grade - 12 (2023) – 2023 FWC - 7 - Accounting - I Assets Useful life time Residual value Motor vehicle Office equipment Building 20 years 10 years 18 years - - - Profit or loss statement for the year ended 2021.12.31 2. Statement of financial position as at 2021.12.31