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An entity is developing a new computer software. During year 2019 the expenditure incurred was RM120,000 of which RM100,000 was incurred before 1 October 2019
An entity is developing a new computer software. During year 2019 the expenditure incurred was RM120,000 of which RM100,000 was incurred before 1 October 2019 and the balance was incurred from October to December 2019. Only on October the entity able to demonstrate that the project can meet all the criteria for recognition as an intangible asset. In year 2020, the cost incurred was RM60,000. At the end of 2020, the recover amount was RM75,000.
compute the accounting treatment related.
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