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1st January, 20Y1, Heshe received a 20% grant towards the cost of a new machine of RM20 million. The machine economic life is estimated to
1st January, 20Y1, Heshe received a 20% grant towards the cost of a new machine of RM20 million. The machine economic life is estimated to be 5 years and no residual value Required: Prepare statement of financial position extracts for the Year ended 31st December, 20Y1 and 20Y2 using : (a)Income approach (b)Capital approach
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