Learning Outcomes LO1: Discuss different type of measurement basis and circumstances when these bases are applied. CARE concept collaboration (C)-students are required to work in team adaptability (A)-presenting arguments with regards to the relevancy of measurement based reflection on knowledge gained (R)-revision of topics learned in FAR1 & FAR2 Instructions Section A (22 marks) Q1. Define THREE (3) types of measurement bases that you have learned in FART & FAR2 previously. Illustrate these three measurement bases using examples, preferably through calculations. (9 marks) Q2). In your opinion, is Historical Cost measurement concept is still relevant to account for majority of the company assets in this current environment? Support with THREE (3) reasons and illustrate with examples. (9 marks) Note: Each group need to download at least 4 articles in order to answer these tivo questions. The front pages of the articles are to be attached together with the final report. (4 marks) Section B (12 marks) Q1) Choose 3 sub questions (any question) from Tutorial Exercise 1 (MFRS108) - question 2. Q2) Choose 3 sub questions (any question) from Tutorial Exercise 2 (MFRS110)-question 1.