Based on experience, Margenta Bhd estimates that stages up to wiring, plumbing and door frame can be completed in the first year. Revenue is calculated based on cost incurred. Required: Based on MFRS 15, Revenue from Contract with Customers i. Explain whether the revenue is earned at a point in time or over a period of time. ii. Explain what needs to be changed to reverse your answer in part (i) above. iii. Provide one alternative to calculate revenue apart from cost incurred. iv. If legal and other fees totaling RM30,000 are absorbed by Margenta Bhd, explain whether the revenue recognised will change.