X Ltd. is engaged in many businesses for which it is in the process of acquiring fixed assets and intangible assets. X Ltd. prepares its financial…

X Ltd. is engaged in many businesses for which it is in the process of acquiring fixed assets and intangible assets. X Ltd. prepares its financial statements following Ind AS and follows April-March as its financial year. X Ltd. has paid an advance tax amounting to 5,30,000 during the current year. Out of the said paid tax, 30,000 is paid for tax on long term capital gains. X Ltd. acquires fixed asset of 10,00,000 from Y Ltd. by accepting the liabilities of 8,00,000 of Y Ltd. and balance amount it paid in cash. X Ltd. acquired a trademark on 31st March, 20X1 for 1,00,000. The asset was revalued at 1,20,000 on 31st March, 20X2 and - 85,000 on 31st March, 20X3. X Ltd. acquired patent on 31st March, 20X1 for 1,00,000. The asset was revalued at 85,000 on 31st March, 20X2 and at 1,05,000 on 31st March, 20X3. X Ltd. uses the revaluation model. X Ltd. enters into a ten-year contract with A Ltd. for the use of rolling stock specifically designed for X Ltd. The rolling stock is designed to transport materials used in X Ltd.'s production process and is not suitable for use by other customers. The rolling stock is not explicitly specified in the contract but A Ltd. owns only one rolling stock that is suitable for X Ltd.'s use. If the rolling stock does not operate properly, the contract requires A Ltd. to repair or replace the rolling stock. The company has faced certain issues and for their solution seeks your professional advice. Analyze the transactions mentioned above and choose the most appropriate option in the below questions 1 to 5 in line with relevant Ind AS: