HuaWi Berhad has developed new 6G technology. The project meets the MFRS 138, Intangible Assets criteria...

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HuaWi Berhad has developed new 6G technology. The project meets the MFRS 138, Intangible Assets criteria for capitalisation and by 30 June 2018, RM9,000,000 had been capitalised. The new technology is expected to generate revenue for 10 years from the date on which the official launch on 1 November 2017, although in the first year only half of the revenue of subsequent years is anticipated. Required: Calculate the amount to be charged to profit or loss in respect of the technology in the year ended 30 June 2018. [4 marks] HuaWi Berhad has developed new 6G technology. The project meets the MFRS 138, Intangible Assets criteria for capitalisation and by 30 June 2018, RM9,000,000 had been capitalised. The new technology is expected to generate revenue for 10 years from the date on which the official launch on 1 November 2017, although in the first year only half of the revenue of subsequent years is anticipated. Required: Calculate the amount to be charged to profit or loss in respect of the technology in the year ended 30 June 2018. [4 marks]

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