Company purchased a three-storey building on 1 the value of RM1 million. The building is to be used for and exhibition centre. The useful life of the building is the residual value is expected to amount to RM200,000. The d company is to use the straight line method on all buildings Adventure paid RM45,000 to construct car park lots. The ma ing Adventure estimated to be 20 years while On 1 January 2016, Amazing market value of the building was ed at RM1.3 million and RM1.6 million on 1 January 2016 and 2017 respectively Required: (a) Explain the two methods allowed by MFRS 116 for subsequent measurement of property, plant and equipment (b) Assume that Amazing Adventure opts to value the building using the cost model. Determine the carrying amount of the building as at 1 January 2016 and 1 January 2017 (c) Assume now that Amazing Adventure opts to value the building using the revaluation model. Determ the carrying amount of the building as at 1 January 2016 and 1 January 2017 (i) The revaluation is adjusted using the write-off method (i) The revaluation is adjusted using the proportionate restatement me ntr for a revaluation mode