Takoya Bhd is a public listed company and established in 2000. The company was incorporated in Malaysia, involved in dairy farming, manufacturing and distributing of dairy products.

The following balances are for the year ended 30 June 2019.

	Note	Dr	Cr
		RM000	RM000
Sales			25,000
Cost of sales		11,800
Administration expenses		6,020
Selling and distribution expenses		1,200
Finance costs		265
Land (at revaluation)	2	11,000
Buildings (at revaluation)	2	32,000
Equipment	1	5,200
Machine A	1	4,050
Machine B		18,100
Motor vehicles		2,640
Fixtures and fittings		628
Goodwill	1	750
Accumulated depreciation as at 1 July 2018:
Buildings	2		3,840
Equipment	1		988
Machine A	1		770
Machine B			1,905
Motor vehicles			792
Fixtures and fittings			251
Biological assets	3	940
Investment properties		4,000
Investments		2,100
Intangible assets	5	794
Tax paid		277
Accounts receivable		2,320
Inventories		510
Bank balances		447
Ordinary shares			45,000
5% cumulative preference shares			10,000
Retained profits			9,280
Revaluation reserve (land)	2		450
8% debentures			5,000
Deferred income	4		300
Accounts payable			1,760
Accruals			230
Interim dividend	6	525
		105,566	105,566

QUESTION

You are required to prepare the journal entry of the transactions incurred and notes to disclose the movement in the companys property, plant and equipment (if applicable).

Notes 3

Takoya Bhd has a farm in Betong area where they breed 300 1-year old and 400 1.5-year old dairy cattle. The amount of RM940,000 was the fair value less cost to sell as at 1 July 2018. On 1 January 2019, the company had 50 newborn cattle that were valued at RM550 per newborn at fair value less cost to sell.

On 30 June 2019, the fair value of the cattle (excluding newborn) was RM1,150,000. The fair value less cost to sell of a newborn and a 6-months old cattle were RM570 and RM670 respectively at that date. During the year, the related cost to sell a cattle was RM120.

Notes 5

Included in the amount of intangible assets was a research carried out by the company on 1 February 2019 amounting RM14,000.

Notes 6

The interim dividend paid for the year included half year dividend for 5% cumulative preference shares. The finance cost represents interest on debentures.