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Prepare journal entries for power outages

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Power outages and machine breakdowns within the plant in the factory are some common disruption occurred during the water supply maintenance activities. In response to this, Teguh Bhd purchased a smart equipment that able to maximise control for a greater efficiency with a useful life of 10 years on 1 January 2018, from one of its suppliers in Thailand at an invoice price of 2,000,000 Baht. On 1 December 2018, the company paid 1,200,000 Baht as part of the settlement. The exchange rates are provided as follows:

1/1/2018 : RM1 = 8 Baht

1/9/2018 : RM1 = 11 Baht

31/12/2018 : RM1 = 7 Baht

Question 1: prepare journal entries

Reference no: EM132567644

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