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How to show the necessary adjusting journal entries

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Reference no: EM132560241

Kindex Berhad
Trial Balance as at 31 December 2018

                                                              Debit (RM'000)                      Credit (RM'000)

Property, plant and equipment                           65,520
Accumulated depreciation                                                                               7,520
Intangible asset                                                3,780

The intangible asset was capitalized from the cost of research and development made by the company between 2016 and 2017, recognized in December 2017. The asset that resulted from the research and development process will last for 60 years and it is the company's policy to amortize the intangible assets over 10 years.

No record has been made in relation to the amortization for the financial year 2018.

Question 1: Show the necessary adjusting journal entries for the information

Reference no: EM132560241

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