Question IFRS $13\mathrm{.}1$ D$)10)$ market; Price

A Ldd sold inventory on $1$ February $20\mathrm{.}7$ to a customer in exchange for a new packaging machine. IFRS $15$ Revenue from contracts with customers states that in cases where inventory is sold for non$-$cash consideration, revenue should be recognised at the fair value of the non$-$cash consideration.

A Ltd uses the packaging machine for packaging in one of its factories. There are no indications in the market or other factors that suggest that a different use by market participants would maximise the value of the packaging machine.

A Ltd$\text{'}$s customer manufactures the packaging machine in Germany. Germany is the market with the greatest volume and level of activity for similar packaging machines. Similar packaging machines are sold in Germany for $\backslash (50000\backslash ).$ Transaction cost in Germany is $\backslash (5000\backslash )$ while it would cost $\backslash (3000\backslash )$ to transport the packaging machine to Germany.

Similar packaging machines are also manufactured and sold in France. The packaging machines are sold in France for $\backslash (52000\backslash ).$ Transaction cost in France is $\backslash (4000\backslash )$ while it would cost $\backslash (3000\backslash )$ to transport the packaging machine to France.

Entities can enter into transactions in both markets and can access the price in those markets for the packaging machine on $1$ February $20\mathrm{.}7.$

The exchange rate is R$15=1$ on $1$ February $20\mathrm{.}7.$

Required:

$($a$)$ Calculate the fair value of the packaging machine on $1$ February $20\mathrm{.}7.$ Motivate your answer by reference to IFRS $13$ Fair value measurement.

$($b$)$ How would you answer change if it is not clear that Germany is the market with the greatest volume and level of activity for similar packaging machines?