1 Maju Bhd carries as asset that is traded in different markets and is uncertain to which valuation to use within the scope of MFRS 13, Fair Value Measurement. Currently, Maju Bhd only buys and sells the asset in the Australasian market. The data relating to the asset are set out below: Year to April 2018 Volume of market (units) Price Cost of entering the market Asian Market 4,000,000 European market 2,000,000 Australasia market 1,000,000 RM19 RM16 RM22 RM2 RM2 RM3 RM1 RM2 RM2 Transactions costs Required: Discuss, with relevant computations, how Maju Bhd should fair value the above asset under MFRS 13, Fair Value Measurement