instructions identify the elements associated with the nine items below

a. Obligation to transfer resources from a past transaction. b. Increases ownership interest c. Declares and pays dividends to owners d. Increases in net assets in a period from non-owner sources e. Items characterized by service potential or future economic benefits f. Equals increase in assets less liabilities during the year, after adding distributions to Owners and subtracting investments by owners. g. Residual interest in the assets of the enterprise after deduction its liabilities. h. Increases assets during a period through sale of products. i. Decreases assets during the period by purchasing the company's own share D. Logitech Company has an asset that is required under PFRS to be measured at fair value. The asset is sold in two different active markets. Logitech Company has access to both of these markets. Information on these markets is shown below: Active Market #1 Active Market #2 Market Price 130 125 Transaction Costs 15 5 Transport Cost 10 10 Required. Compute the fair value of the asset for the following assumptions: a. Principal Market. Assume that market #1 is the principal market b. Most advantageous Market. Assume that neither market is a principal market