Sted using the proportionate restatement method. 7 Refer to Question 6. Assume that Amazing Adventure opts for a revaluation model, write off method. Required: (a) Determine the carrying amount of the building as at 1 January 2021 and 2022. (b) Provide journal entries to record the changes in the carrying amount of the building under each of the following independent scenarios. (i) The fair value of the building was estimated at RM0.7 million on 1 January 2021 and RM0.6 million on 1 January 2022. (ii) The fair value of the building was estimated at RM1.3 million on 1 January 2021 and RM0.9 million on 1 January 2022. (iii) The fair value of the building was estimated at RM0.9 million on 1 January 2021 and RM1.4 million on 1 January 2022. as an assistant 6 Amazing Adventure Company purchased a three-storey building on 1 January 2015 the value of RM1 million. The building is to be used for general administrative duties and exhibition centre. The useful life of the building is estimated to be 20 the residual value is expected to amount to RM200,000. The depreciation policy of the Adventure paid RM45,000 to construct car park lots. The market value of the building was company is to use the straight line method on all buildings. On 1 January 2016, Amazing estimated at RM1.3 million and RM1.6 million on 1 January 2016 and 2017, respectively. years while