A. Gopi Bhd has a broadcasting license which is renewable every 10 years. The renewal of the license can be done indefinitely at little cost. The license was acquired 12 years ago at a cost of RM 2.5 Million and no amortization is recognized for the license. On 1 march 2020, Gopi Bhd, has to sell the broadcasting license to Bingo Bhd for RM 2 million. Bingo Bhd intends to renew the license indefinitely as the evidence supports its ability to do so and the license is expected to contribute to the entity's net cash flows indefinitely. Required: Assuming that the financial year-end of both companies is 31 December, discuss the accounting treatment related to the broadcasting license for Gopi Bhd and Bingo Bhd for the financial year 2020. [8 Marks] B. Explain the criteria that need to be satisfied before expenditures on intangible items can be recognized in the Statement of Financial position as intangible assets, under MFRS 138. [4 Marks] C. Discuss TWO (2) issues in accounting for intangible assets. [8 Marks)