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What is carrying amount of the production equipment

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Question - On October 2010, Ali Co borrowed RM6,000,000 for term of one year, exclusively to finance the construction of a new piece of production equipment. The interest rate on the loan is 6% and payable on maturity of the loan. The construction commenced on 1 November 2010 but no construction took place between 1 December 2010 to 31 January 2011 due to employees taking industrial action. The asset was available for use on 30 September 2011 having construction cost of RM6,000,000.

What is carrying amount of the production equipment for year ended 31 September 2011 in financial position?

Reference no: EM132571480

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