Required: Prepare respective jour In 2012, Minyak Cor vision within the company to explore the potential oective journal entries for the situation above. finyak Corp. set up a division within the com locally grown plant. By 2014, the initiatives were shown to viable even though support was received from the Biotech a Environmental society. An impairment review on the Bio- d out on 31 December 2014, and documented as follows: RM 000 RM 000 use of bio-oil from a local commercially viable ever Association and Environn was carried out on 31 he Biotech Oil Engineers Book value of net assets of Bio-Oil Division in financial statement where net assets consist of: Goodwill RM450,000 Plant and machinery RM600,000 Building RM750,000 Fair value less costs of disposal of Bio-oil Division's net assets Value in use: Net cash flow. from operations before tax Additional net cash flows from bio-oil energy improvement Finance cost Current interest rate 2,145 1,000 800 Required: y the necessary accounting treatment for the Bio-oil Division by Minyak.com a company that provides apparel for motorbikes and other to m alows riding pants and boots 3 Corp. is a company th Required: Prepare respective jour In 2012, Minyak Cor vision within the company to explore the potential oective journal entries for the situation above. finyak Corp. set up a division within the com locally grown plant. By 2014, the initiatives were shown to viable even though support was received from the Biotech a Environmental society. An impairment review on the Bio- d out on 31 December 2014, and documented as follows: RM 000 RM 000 use of bio-oil from a local commercially viable ever Association and Environn was carried out on 31 he Biotech Oil Engineers Book value of net assets of Bio-Oil Division in financial statement where net assets consist of: Goodwill RM450,000 Plant and machinery RM600,000 Building RM750,000 Fair value less costs of disposal of Bio-oil Division's net assets Value in use: Net cash flow. from operations before tax Additional net cash flows from bio-oil energy improvement Finance cost Current interest rate 2,145 1,000 800 Required: y the necessary accounting treatment for the Bio-oil Division by Minyak.com a company that provides apparel for motorbikes and other to m alows riding pants and boots 3 Corp. is a company th