c) Explain and show how the following transactions would be reported in the financial statements; During the year ended 31 March 2018, ERM capitalized development costs which satisfied the criteria of IAS 38 Intangible Assets. The total amount capitalized was RM 1.6 million. The development project began to generate economic benefits for ERM on from 1 January 2020. The directors of ERM on estimated that the project would generate economic benefits for five years from that date. The development expenditure was fully deductible against taxable profits for the year ended 31 March 2020. d) The director of GM cannot understand the 'non-current assets held for sale' and 'liabilities directly associated with non-current assets held for sale' sections. Please explain the meaning and accounting treatment of a non-current asset held for sale. Please also explain how there can be liabilities directly associated with non-current assets held for sale