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on 1 january x4, archive bhd acquired a franchise under a finance lease. it is...

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Accounting

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on 1 january x4, archive bhd acquired a franchise under a finance lease. it is required to pay rm 200,000 per annum in advance for five years. the implicit interest rate is 10%. the franchise could be bought for rm 800,000. legal life is five years but can be renewed at rm 5,000 for another five years. discuss the accounting treatment of the franchise

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