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  3. 9:09 17 ip tutorial2 sem feb 24 q1) building

9:09 17 Ip Tutorial2 Sem Feb 24 Q1) Building...

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Accounting

9:09
17
Ip Tutorial2 Sem Feb 24
Q1)
Building acquired by Fast Bhd. on 1/5/2019 Rm18m. Useful life 30 years.
Initially used as ip until 1/11/2020, then the whole building used as Fast Bhd headquarters.
Info:
Fv 31/12/2019 Rm 21m
Fv 111?2020 Rm19m
Fv 31/12/2021 Rm23m
Fv 31/12/2023 Rm25m
ip used Fv model
Ppe used rev model
Q2)
Building acquired by Fast Bhd. on 1/3/2019 Rm21m. Useful life 25 years.
Initially used as hotel Fast until 1/8/2020, then the whole building used by Ever Enterprise as their hq.
Info:
Fv 31/12/2019 Rm25m
Fv 1/8/2020 Rm28m
Fv 31/12/2021 Rm31m
Fv 31/12/2022 Rm35m
Ip used Fv model
Ppe used rev model
For both questions, prepare complete journal entries.
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