Journal entries and extracts on financial statements

An office building used by Suria Company for administrative purposes with a carrying amount of RM2 million. At 1st January 2018 it had a remaining life of 20 years. After a re-organisation on 1s July 2018, the property was rented to a third party and reclassified as an investment property applying Suria's policy of the fair value model. An independent valuer assessed the property to have a fair value of RM2.3 million at 1st July 2018 and had risen to RM2.34 million at 31st December 2018