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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 bussines operation. New technical equipment can be used for 10years. Half of the payment has been made by lovesick and will be paid later on 31 dec2020. No recording was made.

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: EM133046972

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