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Preparation of the interim report for the third quarter

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QuenaBuilders Bhd prepares its interim report on a quarterly basis. Its current financial year ends on 30 June 2019. The business bought two excavators costing RM185,000 each on 1 January 2019. The company paid other direct costs related to the purchase of the excavators amounting RM25,000/The excavatorsare depreciated using straight line method on a monthly basis and its expected to be used for 10 years.

Question 1: The accounting treatment on the recognition and measurement principles applicable for the above transaction in the preparation of the interim report for the third and fourth quarter.

Reference no: EM132580430

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