Menis has an accounting year end of 31 December.

Which of the following transactions and events require recognition of a liability per IAS 12 at 31 December 20X2?

A - The company acquired computer equipment costing $60,000 during the year. This is being depreciated on a straight line basis over four years. Capital allowances of 100% are available.

B - On 1 January 20X2 Menis borrowed $50,000 to finance the construction of a new warehouse. The construction project is due to be completed in July 20X3. The loan bears interest at 10% per annum, payable in arrears. The company has capitalised the interest incurred as part of the asset in the year as is permitted by IAS 23.

C - The company has incurred $20,000 entertaining clients.

D - The company's head office was revalued by increasing its value by $300,000. There are no plans to dispose of this property.