(iii) Year-end stocktake shows inventory at cost of RM700,000. Included in the inventory was a batch of inventory at the cost of RM45,000 that was damaged due to leaking in the warehouse. This batch can only be sold at RM55,000 with new packaging that will cost RM12,400. (iv) The fixed deposit is for 24 months in a local bank. The deposit was made on 1 July 2017