Question 3 On 1 July 2003, YCO Bhd, a courier service company located in Kota Kinabalu acquired a building costing RM5,100,000 with an estimated useful life of 50 years. The building was used as the headquarters for its business operations. In a recent board meeting in January 2021, due to the expansion of the business operations, YCO Bh had decided to move its headquarters to Sepang. Since then the company has been actively seeking a buyer. To speed up the process, YCO Bhd also place advertisement in various platform such as via property agency and others media social. The building in Kota Kinabalu has been vacated in March 2021 and a buyer has been identified. The fair value of the building as at 30 June 2021 is RM3,180,000. It was estimated that property brokerage fee and legal fee total of RM106,500 will be incurred in order to sell the building. The net carrying amount of the property, plant and equipment of YCO Bhd as at 30 June 2021 is RM430,171,500. This amount has not been adjusted for any reclassification. Note: The financial year of YCO Bhd ends on 30 June each year. Required: (i) Determine the value of the building to be recognised in the financial statement of YCO Bhd as at 30 June 2021. (5 marks) (ii) Show the amount to be disclosed in an extract of the company's Statement of Financial Position and Statement of Profit or Loss for the year ended 30 June 2021 regarding the measurement of the building in Kota Kinabalu. (4 marks) (b) ZTH Bd is in the tin-mining extraction business. The cash-generating unit is the mining business as a whole, which is now considered as a "sunset" business. The assets of the cash-generating unit consist of the following: Property Plant, machinery & equipment Extraction right RM'000 45,000 60,000 45,000 150,000 The value in use of the cash generating unit is estimated at RM30,000,000. There is no fair value less costs to sell of the cash generating unit, except for the property, which could be sold for a net cash of RM45,000,000. The other assets have no resale value. The extraction rights have an unrecognized lease obligation of RM15,000,000 payable to the State Government and this could not be avoided. Required: (i) Give four (4) indications of asset impairment. (4 marks) (ii) Calculate the impairment loss and show how it shall be allocated. (5 marks)