Den Deng Bhd is a company that currently has a detailed plan for restructuring its business and
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Question:
Den Deng Bhd is a company that currently has a detailed plan for restructuring its business and decided to cease the operation in Penang. Following is a list of expenses bear by the company for 2022.
Onerous contract provision | RM100,000 |
Employee termination costs due to the restructuring | RM250,000 |
Lease termination penalties | RM80,000 |
Investment in new systems | RM200,000 |
Cost of training staff | RM140,000 |
Administration cost | RM67,800 |
Marketing cost | RM56,000 |
*The onerous contract provision is related to the closing of business located in Penang.
Determine the amount of restructuring cost for Den Deng Bhd.
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