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How to prepare journal entries for technical equipment

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Question - On 1 April 2020, lovesick bhd acquired a new technical equipment costing BND700,000 to support its business operation. New technical equipment can be used for 10 years. Half of the payment has been made by lovesick at the acquisition date and another half will be paid later on 31 Dec 2020. No recording was made. Financial year end on 31/10/2020.

Rate of exchange rm bnd

1/4/2020 -Rm3.30 - 1BND

31/10/2020- Rm3.10- 1BND

31/12/2020-Rm3.20- 1BND

How to prepare journal entries for technical equipment at this question?

Reference no: EM133029667

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