i. A customer list purchased on 1 September 2015 at a cost of RM680,000. The company expected that 50% of the estimated future benefits from the customer list will flow into the company in 2015 and the rest will be generated evenly. in the next three (3) years. ii. A trademark "AERA" that was registered on 1 August 2015. The cost to defend and register that trademark was RM300,000. This trademark has indefinite useful life and will be renewed every 5 years. One of the company's directors believes that the trademark should be amortised and an impairment test should only be carried out when the trademark is renewed. INSTRUCTIONS: i. Prepare joumal entries necessary to record the cost of the customer list and amortisation expense in 2021 and 2022. ii. Prepare journal entries necessary for the trademark in 2020 and 2021. Discuss whether AERA Bhd should conduct an impairment test for the trademark on the financial year end 2021 and 2022