Q1 Fair Value Measurement 4 Points The following information is relevant to questions 11 and 1.2. Smith Ltd acquired a business that used a large number of assets that worked together to produce a product saleable in offshore markets. The assets of the business include a computer program that transfers the inputs to the manufacturing process around the assets that work together to produce the output. The manager of Smith Ltd wants to determine the fair value of the computer program. Q1.1 1 Point Discuss the valuation premise that should be applied in the determination of the fair value of the computer program. Enter your answer here Q1.2 3 Points Evaluate and discuss the appropriateness of each of the three valuation approaches in the determination of the fair value of the computer program