yes it is complete

On 1 January 2020, Nooha Nuts had signed an agreement to lease a plant with two acres of land from Jekson Ltd, in Rawang for use as Nooha Nuts warehouse for a period of 10 years. At the end of the term the property will revert to Jekson. The agreement requires for Nooha Nuts to make annual payments of RM200,000 beginning of each year. Jekson has not limited Nooha for any usage of the plant. Both the plant and the two acres of land, combined to have a fair market value at RM1.45 million. The existing building has an estimated life of 20 years with a residual value of RM150,000. On 1 January 2020, the land was valued at RM400,000. Nooha uses the straight-line method of depreciation. The current implicit interest rate is 10% interest. In situation where the land is less than 25% of the combined fair value, both the lessee and the lessor will treat the land and building as a single unit. On 25 April 2020, Nooha Nuts received a stimulus package as part of a government grant, from the government under the post pandemic immediate economic recovery plan by the government. The package was to help alleviate the immediate and targeted cash flow problems faced by SMEs for the sustainability of business operations and safeguarding of jobs. Nooha Nuts received approximately a total of RM100,000 from the government that was proportionately given equally across five (5) months. ve (b) Assuming that the two acres land could be leased without the plant for RM59,000 each year. (i) Briefly explain the accounting treatment. Anur. On 1 January 2020, Nooha Nuts had signed an agreement to lease a plant with two acres of land from Jekson Ltd, in Rawang for use as Nooha Nuts warehouse for a period of 10 years. At the end of the term the property will revert to Jekson. The agreement requires for Nooha Nuts to make annual payments of RM200,000 beginning of each year. Jekson has not limited Nooha for any usage of the plant. Both the plant and the two acres of land, combined to have a fair market value at RM1.45 million. The existing building has an estimated life of 20 years with a residual value of RM150,000. On 1 January 2020, the land was valued at RM400,000. Nooha uses the straight-line method of depreciation. The current implicit interest rate is 10% interest. In situation where the land is less than 25% of the combined fair value, both the lessee and the lessor will treat the land and building as a single unit. On 25 April 2020, Nooha Nuts received a stimulus package as part of a government grant, from the government under the post pandemic immediate economic recovery plan by the government. The package was to help alleviate the immediate and targeted cash flow problems faced by SMEs for the sustainability of business operations and safeguarding of jobs. Nooha Nuts received approximately a total of RM100,000 from the government that was proportionately given equally across five (5) months. ve (b) Assuming that the two acres land could be leased without the plant for RM59,000 each year. (i) Briefly explain the accounting treatment. Anur