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Aliybaba Sdn Bhd bought a new brand name on 1 July 2 0 2 0 for RM 2 0 , 0 0 0 , 0

Aliybaba Sdn Bhd bought a new brand name on 1 July 2020 for RM20,000,000. The estimated useful life for the brand name was 10 years. A brand specialist valued the brand at a fair value of RM22,000,000 at 1 July 2022.A training cost was also run by Aliybaba Sdn Bhd on 1 July 2022 for all staff to train them on how to use a new accounting software. This training cost Alibaba RM450,000.Aliybaba expects the employee to remain with them for 5 yearsCalculate the total amount to be recognized as an expense in the statement of profit or loss for the year ended 30 June 2023.

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