Please answer question 2

QUESTION 2 Excel acquired a piece of land for RM200m on 1 January X5. The land was classified as investment property and measured using the cost model. On 1 January x9, Excel changed its accounting policy to fair value measurement for the land. It was able to derive the fair values of the land only from 31 December x8 was RM290m. The fair value of the land on 31 December 9 was RM313m. Retained earnings of Excel was RM250m on 1 January x9. Required: Discuss the effects of the change in accounting policy on the financial statements on 31 December 9