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On 1 January 2019, Ilham Bhd purchased a landed property at a cost of RM1,750,000. The building is rented out to a tenant. Ilham Bhd also incurs the following costs in connection with the purchase of the property:
Legal and agency fees = RM52,500Renovation for the construction of a new room in the property = RM65,000Cleaning services annual fee = RM5,000Administrative expenses = RM1,000TOTAL = RM23,500
Required:
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