1. MFRS 13 Fair Value have highlight ways of measuring the assets and liabilities. Based on the standard given suggest how each of the assets or liabilities is can be measured under MFRS 13.

1. Floor Green Bhd. acquired a piece of land for the purpose of industrial use by constructing the factory site. However, the nearby site has recently been developed for residential and a high rise of modern condominium with full facilities. On the basis and development and recent zoning other changes to facilitate that development, Floor Green Bhd. determine that the land currently used as factory site could be developed as residential and a high rise of modern condominium.