6. (a) Pretty Face Enterprise on 1 June 2019 started a new project of a plant based beverage which could delay skin aging process. In its attempt to find the right combination of ingredients, it has incurred RM180,000 in the process. The new factory used for the project was acquired at RM600,000 on 1 January 2019. The economic life of the factory is 20 years. The project is still in progress. On 1 February 2020, a new ingredients proposed by their new team of researcher have provide a better potential outcome for the project. The additional cost incurred for the new ingredient was RM190,000. Still at this point, the prototype has not yet undergo a thorough lab test. On 1 June 2020, detailed lab test, reviews and complete further works has finally attract customers demand. Total further cost incurred was RM198,000. Required: Determine the accounting treatment for the above situation. (6 marks) (b) On 1 January 2018, Globe Sdn. Bhd. acquired an intangible asset with finite life of 8 years at a cost of RM9,000,000. The asset's fair value on 31 December 2018 is RM11,600,000. On 31 December 2020, the asset were revalued to RM6,500,000. Required: Prepare journal entries for the intangible asset from year 2018 until 2020 for Globe Sdn. Bhd if the asset is using revaluation model: (12 marks)