PART I Hasfar Berhad started its business since 2015. To make its operation more efficient, the business decided to have two new machines. The first machine was selfconstructed by the business while the second machine was acquired from other company. Machine A On August 2023, Hasfar Bhd constructed machine A for its own use in production. The costs that might be related to the construction of the machine were: Of the materials used in the construction, RM3,000 is attributable to the cost of material wastage due to a flood. During the testing of the machine functionality, the business managed to produce few samples and sold them for RM700. Machine B Hasfar Bhd has acquired Machine B on October 2023 from KFM Sdn Bhd. The invoice price of the machine was RM200,000 with a discount term of 2/30. Payment was made during the discount period. The business also incurred import duties and taxes related to the acquisition of the machine amounted to RM10,000. The following costs were also incurred: 1 Delivery and transportation costs of the machine 12,500 As a new account officer of the business, Asyraf was uncertain about the accounting treatment for all of the expenditures incurred. As a senior accountant of the company, he need your guidance related to this issue. REQUIRED: 1. Identify the issue (s) faced by Asyraf, the junior accountant of Hasfar Bhd. (Cognitive skill: Problem identification). 2. Analyse the problem (s) faced by Asyraf by referring to the related paragraph in the MFRS 116 Property, Plant and Equipment. (Cognitive skill: Problem analysis) 3. Help Asyraf to make decisions related to the above issue (s) by providing justification based on the MFRS 116 Property, Plant and Equipment. (Cognitive skills: Generation and application, evaluation and decision making