5 (10 MARKS) Dana Bumi Sdn Bhd is a public limited company that prepares financial statements in accordance with Malaysian Financial Reporting Standards. A new accountant has recently started working at Dana Bumi and has discovered some issues relating to the financial statements for the year ended 31 December 2020. Dana Bumi owns investment properties that are measured using the fair value method. The accountant has discovered that the fair value is calculated as 'new- build value less obsolescence'. Valuations are conducted by the finance director. In order to determine the obsolescence, the director takes account of the age of the property and the nature of its use. Sales values for similar properties in similar locations are available and are significantly less than the fair value estimated by the director. Required: Discuss the accounting and an implications of the above situations according to MFRS 13 Fair Value Measurement. (10 marks)