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At what amount will the debt instrument be shown

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Question - On 1 January 2019, Practize Sdn. Bhd. purchased a debt instrument at its fair value of RM500,000. It had a principal amount of RM550,000 and was due to mature in five years. The debt instrument carries fixed interest of 6% paid annually in arrears and has an effective interest rate of 8%. It is held at amortised cost. At what amount will the debt instrument be shown in the statement of financial position of Practize Sdn. Bhd. as at 31 December 2020?

Reference no: EM133034248

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