The assignment consists of four questions related to financial reporting and accounting. The first question asks for arguments for and against the harmonization and adoption of IFRS by HKICPA, as well as the calculation of ABC Ltd's profit using two financial capital maintenance methods. The second question explains why impairment is more appropriate than amortization for purchased goodwill. The third question requires the preparation of extracts from Betty Ltd's statement of financial position relating to non-current assets and the usefulness of these disclosures to lenders and shareholders. The fourth question discusses the accounting treatment of an investment property under HKAS 40, specifically regarding depreciation charges.