Silver Manufacturing Company manufactures electrical equipment for industrial companies. Due to the expansion project, they purchased a five-storey shop-house on 1 January 2015 at the value of RM2 million. The details of the shop-house are as follow: On 1 January 2016, Silver Manufacturing Company paid RM90,000 to construct car park lots. Required: a. Explain the two methods allowed by MFRS 116 for subsequent measurement of property, plant and equipment. (3 marks) b. Assume Silver Manufacturing Company choose to value the building using the cost model. Determine the carrying amount of the building as at 1 January 2016 and 1 January 2017. (3 marks) c. Assume now that Silver Manufacturing Company choose to value the building using the revaluation model. Determine the carrying amount of the building as at 1 January 2016 and 1 January 2017 if the revaluation is adjusted using the writeoff method. (4 marks)