A-First is a company resident in Malaysia, purchased a machine from Mr. Hu Ltd, a British company which also provided technical assistance and training to A-First to operate the machine. The installation of the machine was carried out by the employees of Mr. Hu Ltd in Malaysia. The following payments were incurred: Cost of machine Installation charge Fees for technical assistance Training cost Required: RM 1,200,000 300,000 420,000 500,000

A-First is a company resident in Malaysia, purchased a machine from Mr. Hu Ltd, a British company which also provided technical assistance and training to A-First to operate the machine. The installation of the machine was carried out by the employees of Mr. Hu Ltd in Malaysia. The following payments were incurred: Cost of machine Installation charge Fees for technical assistance Training cost Required: RM 1,200,000 300,000 420,000 500,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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