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On 1 January 2021 , Prestige Bhd purchased 100,000 of the 400,000 ordinary shares of Matrix Bhd for a cash consideration of RM15 million. As

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On 1 January 2021 , Prestige Bhd purchased 100,000 of the 400,000 ordinary shares of Matrix Bhd for a cash consideration of RM15 million. As of 31 December 2021 , the investment in Matrix Bhd is impaired by RM5,000. Explain the accounting treatment for the investment in Matrix Bhd under the equity method. (5 marks) (Total: 15 marks)

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