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For Statement year ended 31 December 2020. Intangible asset represents patent acquired by the company since 2010. The patent has indefinite useful life. Balance sheet

For Statement year ended 31 December 2020.

Intangible asset represents patent acquired by the company since 2010. The patent has indefinite useful life.

Balance sheet Intangible asset as at 1 January 2020 is RM3,550

What is the adjustment and general entry for this transaction. and what statment should be adjusting.

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