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What is the total net amount to be recorded

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Reference no: EM132920826

Question - Suria Sdn Bhd purchased a new building with a 50-year life for RM10 million on 1 January 2020. On 30 June 2022, Suria Sdn Bhd moved out of the building and rented it out to third parties on a short-term lease Suria Sdn Bhd uses the fair value model for investment properties. At 30 June 2022 the fair value of the property was RM11 million and at 31 December 2022 it was RM11.5 million.

What is the total net amount to be recorded in the statement of profit or loss in respect of the office for the year ended 31 December 2022?

a. Net income RM500,000

b. Net income RM2,000,000

c. Net income RM400,000

d. Net income RM1,900,000

Reference no: EM132920826

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