PT Sony Music Indonesia has the right to market songs created by a well-known Indonesian singer as

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PT Sony Music Indonesia has the right to market songs created by a well-known Indonesian singer as one of the singers under his label. This right was obtained after the company made an investment of Rp 13 billion. This right is held for 9 years. Prior to obtaining these rights, PT Sony Music Indonesia has also purchased a brand that will be used as the name of a new label that will protect newcomer singers who are currently emerging through social media. The cost incurred is Rp. 11 billion and can be used for 15 years.

Requested:
Prepare records of transactions made by PT Sony Music Indonesia and present the information in the financial statements.

Posted Date: Dec 10, 2021 12:27 PM

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PT Sony Music Indonesia has the right to market songs created by a well-known Indonesian singer as

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