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MGT401 Assignment No 01 Solution & Discussion Due Date:04-12-2018

DEC, 2018MARKS: 30 
Learning Outcomes 
After going through this activity, the students would be able to apply the analytical skills. 
Topic: “Intangible assets” and “Property, Plant and Equipment” 
Part A: 
Mark pharmaceuticals Ltd. (MPL) is a listed firm and famous for dealing in pediatric 
medicines. Suppose you have been hired as financial manager of the company. The following 
information is provided to you for the correct treatment as per IAS 38 (Intangible assets) for 
the year ended June 30, 2018. 
1. MPL has developed and patent two new vaccines A and B at a cost of Rs. 160 million 
and Rs. 120 million respectively. Based on the market analysis, it is estimated that 
Vaccines A would generate revenue of Rs. 300 million per annum for the next five 
years and Vaccine B would generate a total revenue of Rs. 80 million for an indefinite 
period of time. 
2. An amount of Rs. 6 million paid for television advertising campaign that will cover a 
period of 6 months from May 1, 2018 to October 31, 2018. The directors believe that 
the campaign would help to boost sales growth (targeted at 8% for the next two years). 
3. An amount of Rs. 5 million were spent on training of technical staff. The training 
courses were conducted by leading experts ofpharmacy production and are expected to 
improve the production quality significantly and reduce cost. 
As per IAS38 (Intangible assets), you are required to explain how the above expenditure will 
be accounted for in the financial statements of Mark pharmaceuticals Ltd. (MPL) for the year 
ended June 30, 2018.


Part B: 
Mark pharmaceuticals Ltd. (MPL) has provided the following information about the assets of 
the company at the end of year (June 30, 2018): 
Land Acquired January 1, 2016 (at cost) 80,000 
Office buildings erected on June 30, 2018 (at cost) 50,000 
Fixture and fitting (at cost) 60,000 
Accumulated depreciation of fixture and fitting on July 1, 
 Depreciation is calculated at 10% per annumon the basis of reducing balance method 
for fixtures and fittings. 
 Buildings will be depreciated at 2% per annum on straight line basis. 
You are required to prepare the notes to the financial statements of property plant and 
equipment as per IAS 16 for the year ended on June 30, 2018. 
Note: Thorough reading and understanding is required to answer the required questions.
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 Use black and blue font colors only. 
 Use APA style for referencing and citation. For guidance search “APA reference style” 
in Google and read various websites containing information for better understanding or 
Please note that your assignment will not begraded or graded as Zero (0), if: 
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dear bilal is suggested answer or conform ,,


dear bilal plz share full working so we can learn the whole assignment .it will be helpful for all ur course fellows .jazak Allah

aoa.plz ap assignment file send kr den complete

please upload the solution 

dear hina do u get the solution of this assignment?plz share with me at suser1762@gmail.com thnx

still i dont have any solution idea

This calculation is not complete.

This is wrong answer.

Is that complete solution ?

dear please if you have complete solution please send me at baganmastoi@gmail.com

in 2nd part-B you just make notes on Office Building & Fixture & Fitting.


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