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.

ii. Diamond Red Bhd. issued RM 2,000,000 of exchange traded bond with annual coupon payments of 8% on 1 January 2020. On 30 June 2020, the bond is traded as an asset in an active market at RM 1010 per RM 1000 at par value. On 31 December the quoted price is RM900 per RM1,000 of par value. The decrease in the quoted price is due to the concerns of the ability to pay