On $2$ June $2019,$ Danial Bhd purchased a specialised machinery for manufacturing operation that will be used in a new factory. There is no market for this type of machinery in Malaysia, therefore Danial Bhd spent of RM$20,000$ for oversea trip to search for this machinery. The list price of the machinery was RM$200,000$ with a trade discount of $1\%.$ Shipping and handling cost to bring the machinery to the factory was RM$32,000.$ Insurance cost during the shipping was RM$1,500.$ This machinery need a special foundation, therefore the company has incurred a cost of RM$40,000$ for concrete reinforcement and electrical cabling and wiring totalled of RM$14,000$ for site preparation. Installation and assembly cost was RM$3,000.$ Cost of maintenance of this machinery for three years was RM$10,000.$

In addition, Danial Bhd has an old equipment. However, this old equipment cannot be used in a new factory since a new factory is highly automated. Therefore, on $1$ August $2019,$ Danial Bhd decided to exchange its old equipment plus cash for a new equipment from another company. The old equipment was bought on $31$ July $2015$ for RM$150,000.$ The old equipment has useful life of $10$ years and the company uses straight line method to calculate for depreciation. This old equipment has a market value of RM$135,000$ at the time of trade in$.$ The new equipment has a market value of RM$140,000.$ This transaction has a commercial substance.

On $12$ August $2019,$ Danial Bhd purchased a furniture for a new factory with a fair value of RM$80,000$ by issuing $40,000$ unit of ordinary share. The market value of the share is RM$2\mathrm{.}50$ per unit. On $30$ September $2019,$ Danial Bhd has launched an opening of new factory by inviting the VVIPs. This grand ceremony involved additional cost of RM$30,000.$ On $1$ October $2019,$ Danial Bhd entered into contract to acquire the franchise of multivitamin products. Danial Bhd paid an amount of RM$150,000$ to the franchisor to produce and sell the product using the formula given by franchisor.

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A$.$ Prepare the journal entries to record the acquisition of machinery, equipment, furniture and franchise in accordance to MFRS $116$ Property, Plant and Equipment and MFRS $138$ Intangible Assets. Please show your calculations