Fides acquired in January 20X3 a non-exclusive license for specialized software for a period of two years for UZS 60,000,000. Soft company prepares financial statements for 20X3 in accordance with IFRS. The company expects to receive the economic benefits of using the license in the form of savings in customer service costs over two years.

In national accounting, this license is reflected on account 31 and is charged monthly to expenses in the amount of 1/24 of the total amount of expenses incurred.

As of December 31, 20X3, the remaining balance for this license on the account 31 will be equal to UZS 30,000,000.

• Provide journal entries for transformational adjustments in the statement of financial position and the statement of comprehensive income.