Indah Dinamik Bhd. is a company in the Properties sector, which is well known as the developer of residential and commercial projects. The following are strategies taken in relation to physical assets during its financial year 31 December 2021. 1. On 1 January 2021, the company made arrangements to rent out one of their buildings, Chulan360. The building has been used as the showroom for Indah Dinamik since 1 January 2019. The information related to the building. Chulan360 is as follows: The building was bought on 1 January 2019 for RM2,500,000. The estimated useful life of the building is 25 years and has no expected residual value at the end of its useful life. The market values of the building at the end of 2019 and 2020 were RM2,300,000 and RM2,800,000 respectively. 2. On 1 March 2021, a motor vehicle WUX8295 was sold to a used car dealer. The proceeds from the sales is RM120,000. The motor vehicle was previously used by the executives to travel outstations The information related to the motor vehicle. WUX8295 is as follows: The motor vehicle was originally bought on 1 July 2019 at a cost of RM280,000 by cash. Its expected useful life is 8 years with a residual value of RM40,000 3. On 1 July 2021, a sale and a leaseback was arranged for machine WR22. The arrangement was made with Kirana Bhd, which bought the machine at its fair value of RM500,000, and leased it back to Indah Dinamik Bhd. The transfer of assets is a sale as per MFRS 15. The contract for the lease is signed for five years. The lease payment to be made to Kirana Bhd. is RM80.000, payable on 30 June each year starting from 30 June 2022. The implicit interest rate for the lease is 5%. There is a bargain purchase option of RM25.000 offered in the lease arrangement. The information related to the machine WR22 is as follows The machine was originally bought on 1 January 2019 at a cost of RM440,000. At that time, its expected useful life.is B years with zero residual value At the financial year end 31 December 2021 the following decisions have been made with regards to the assets of the company.