Berjaya Specialist Hospital acquired Da Vinci surgical equipment for RM2 million on 1 January 2019. The...

 

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Berjaya Specialist Hospital acquired Da Vinci surgical equipment for RM2 million on 1 January 2019. The useful life of the equipment is expected to be 10 years. The fair value of the equipment on 31 December 2020 was RM1,750,000 (the equipment can also be sold in the market at this amount). Berjaya Specialist Hospital chose the cost model for property, plant and equipment, intangible assets and investment properties. Year end is 31 December every year. Required: a. Assuming Berjaya Specialist Hospital is using the surgical equipment to treat their patient, explain the accounting treatment of the Da Vinci Surgical System (state the relevant MFRS). (6 marks) explain the (4 marks) (Total: 10 marks) b. Assuming Berjaya Specialist Hospital is a medical equipment retailer, accounting treatment of the surgical equipment (state the relevant MFRS). Berjaya Specialist Hospital acquired Da Vinci surgical equipment for RM2 million on 1 January 2019. The useful life of the equipment is expected to be 10 years. The fair value of the equipment on 31 December 2020 was RM1,750,000 (the equipment can also be sold in the market at this amount). Berjaya Specialist Hospital chose the cost model for property, plant and equipment, intangible assets and investment properties. Year end is 31 December every year. Required: a. Assuming Berjaya Specialist Hospital is using the surgical equipment to treat their patient, explain the accounting treatment of the Da Vinci Surgical System (state the relevant MFRS). (6 marks) explain the (4 marks) (Total: 10 marks) b. Assuming Berjaya Specialist Hospital is a medical equipment retailer, accounting treatment of the surgical equipment (state the relevant MFRS).