Reference no: EM133075905

Question - The machines are available for purchase in two active markets, Indonesia and Thailand, each with its own set of prices. Hanim Berhad transacts in both markets and has accessed to the machine's price in those markets at the measurement date. The price that would be received in the Indonesian market is RM 52,000, including transaction fees of RM 6,000 and transportation costs of RM 4,000. The price that would be obtained in the Thailand market is RM50,000, transaction expenses in that market are RM2,000, and transportation costs to that market are RM4,000. In Indonesia and Thailand, the total number of machines sold is 7,000 and 3,000 units respectively. Discuss how the fair value of 200 units of machine is determined at the measurement date in accordance to MFRS 13 Fair Value Measurement.