(a) Metric owns an item of plant which has a carrying amount of RM248,000 as at 1 April 2017. It is being depreciated at 12% per annum on a reducing balance basis. The plant is used to manufacture a specific product which has been suffering a slow decline in sales. Metric has estimated that the plant will be retired from use on 31 March 2020 . The estimated net cash flows from the use of the plant and their present values are: On 1 April 2019, Metric had an alternative offer from a rival to purchase the plant for RM200,000. Required: Calculate the value of the plant to be recognised in Metric's statement of financial position as at 31 March 2018. Show all relevant workings. [5 marks] (b) The following trial balance extract relates to a property which is owned by Veeton as at 1 April 2019: On 1 October 2019 , following a sustained increase in property prices, Veeton revalued its property to RM10.8 million. Required: Assuming Veeton has only one sset in account, calculate the depreciation charge in Veeton's statement of rofit or loss for the year ended 31 March 2020. [5 marks] (c) Good Gloves Sdn Bhd is a glove lanufacturing company. In a review of its provisions for the year ended : March 2020, Good Gloves's assistant accountant has suggested the foll ving accounting treatments: (i) Making a provision for a wnstructive obligation of RM400,000; this being the sales value of goods expected to be returned by retail customers after the year end under the company's advertised 30 -day returns policy (ii) Based on past experience, a RM200,000 provision for unforeseen liabilities arising after the year end. Required: Explain which of the above suggestions is permitted by Malaysia Financial Reporting Standards