Question - Show the journal entry

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Question - Show the journal entry

NAIKLA BERHAD received a grant on 10 May 2020 from Ministry of Transportation amounted RM1,000,000 to purchase 10 unit of express busses. The 10 busses was purchased on 1 June 2020 at total cost of RM1,800,000. Usually, the company depreciated its vehicle using straight line method for 10 years with 10 percent residual value. The company financial year ended on 31 December every year.

Reference no: EM132955337

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