Question 1: (a) On 1 January 2020, Meerah Bhd capitalized and intangible asset with estimated useful life of ten years at cost of RM3,000,000. The company used a straight-line method to amortize the asset. On 31 December 2020 the company revalued its intangible asset to market value of RM4,500,000 and but revalued it downwards to RM2,000,000 on 31 December 2021 Required: (a) Prepare journal entries necessary to record amortization expenses and increase in fair value of the intangible asset in 2020. (b) Prepare journal entries necessary to record amortization expenses, revaluation surplus, and a decrease in fair value of the intangible asset in 2021