At the end of 2024, TechBright Ltd, with one subsidiary, had a holding representing 20% of the equity of Silver Ltd, a mining technology solutions company. It had cost $88,000 when purchased at the start of 2023. At the time of that investment, Silver Ltd had net assets of $700,000 which increased to $1,000,000 by the end of that year. At the start of the current year, the investment was increased by a further 12% of the equity at a cost of $130,000.

(a) How would the investment be shown in the financial statements if it were treated as a trade investment? (b) How would the investment be shown in the financial statements if it were treated as an associated undertaking? (c) Calculate the ROI for TechBright Ltd if Silver Ltd's market value increases by 30% by year-end.