Syarikat Berjaya Untung Berhad purchased a major machinery Item from Japan for RM800 000 in 2009 to be used in the manufacturing of Product Angel. Import duties and freight charges are RM25,000 and RM35,000 respectively. Installation cost was RM10, 000 while start-up and pre-production costs incurred was RM25,000. The machine was depreciated on the straight-line basis over 10 years, charging a full year's depreciation in the year of purchase and none in the year of disposal. The following expenditures were incurred subsequent to the acquisition of the above machinery elah In 2012, an important component of the machine was damaged and it was replaced with a same component at a cost of RM50,000 In 2014, the company spent RM200,000 to upgrade the perfarmance of the machine Several important components were replaced by components which were more modern and efficient. This upgrading increased the output capacity by 30% The maintenance and repair costs totaled RM60,000 par annum In August 2017, newer machinery introduced to the market rendered the machinery of Syarikat Berjaya Untung Berhad to be obsolete. The management has decided to urchase the new machinery. The old machinery was moved to a warehouse and kept for eventual disposal. The net realizable value was estimated at RM50,000. Determine the carrying amount of the machinery in August 2017 and prepare the journal entry to recognize the amount. Explain your answer clearly. (7 markah/marks)