On 1 January 2019, Morningstar Ltd purchased some corporate bonds for cash consideration of $900,508 (including transaction costs). The following information is related to the bonds contract: The bonds have a contract term of three years. The bonds have a principal amount of $1,000,000, which will be paid back to Morningstar Ltd 3 years later, on 31 December 2021. The bonds offer a coupon rate of 6% p.a., payable to Morningstar Ltd at the end of each calendar year, in the next 3 years. The effective interest rate is 10% p.a. Morningstar Ltd has classified the financial asset (corporate bonds) as subsequent measurement at amortised cost. Required: (a) In accordance with NZ IFRS 9, explain the criterion for a financial asset to be subsequently measured at amortised cost. (word limit: 90 words] (2 marks)