rters. useful hAt the beginning of financial year 2017, the books of Cant Sdn Bhd show two of Property. Plant and Equipment - Freehold land (Fair v e M540000) and Motor vehicles (Cost RM235 , carrying value RM122 000) The company closes its financial statements on 30 September every year leth The following transactions occurred in 2017 related to non-current 1/12/2016 Bought a new truck for RM4,800 cash In addition, the company incurred RM5,200 to paint the company's log on the truck 1/1/2017 Paid RM200,000 to acquire a 20-year exclusive night to use trademark, Mr BigTM in Malaysia. The trademark is expected to benefit the company equally throughout that period 1/7/2017 Bought Machine R-564 for RM136.000 cash. The machine is expected to produce 500,000 units throughout its 10 years of expected useful life with expected residual value of RM16000 For the financial year 2017, the machine is expected to produce 30.000 units The freehold land is revalued to its fair value of RM600.000 The company is to charge amortisation for the trademark, and to charge depreciation for other property, plant and equipment based on the following rates and methods: Motor vehicles Machinery - - 25%, reducing balance method Units-of-production method Amortisation and depreciation are charged on ownership basis Actual units produced by Machine R-564 during the year is 24.000 Required: 1. Journalise the transactions occurred on 30 September 2017 ONLY 2. Prepare the non-current assets section of the company's statement of financial position as at 30 September 2017, showing only the carrying value c. MFRS 138 Intangible Assets does not permit internally generated goodwill to be recognised as intangible asset. Explain the reasons for this