a. In the case of reversal of impairment loss, can the values of intangibles be reversed? Briefly explain. (4 marks) b. One of the accounting debates concerns on the issue of valuation of assets. Historical cost, on one hand, has always been argued to be better due to its reliability. On the other hand, current values are proposed for usage due to their relevancy in investors' decision-making processes. However, the current MASB Conceptual Framework has dropped reliability for faithful representation as one of the primary qualities of useful accounting information. This move has pave the way for the use of fair value as the basis for assets' valuation. 1. Other than the market approach, briefly explain the other two valuation techniques, (6 marks) ii. Briefly explain THREE (3) examples of Level 2 input values