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What is the amount of the balancing adjustment

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Question - Dopollo Shd Bhd (DSB), a food manufacturer, closes its accounts annually on 31 December.

On 15 March 2016, the company purchased a heavy machine for RM100,000.

On 15 August 2018, the machine was destroyed in a fire and DSB filed the necessary reports and made an insurance claim. The company received insurance compensation of RM35,000 and the market value was agreed at RM45,000.

What is the amount of the balancing adjustment arising for Dopollo Sdn Bhd in respect of the destroyed machine in the year of assessment 2018?

Reference no: EM132572866

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