FINANCIAL ACCOUNTING & REPORTING 3 TOPIC published account QUESTION: Customer list was acquired on 1 January 2015 and able to generate benefits to...
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FINANCIAL ACCOUNTING & REPORTING 3TOPIC published account QUESTION:

Customer list was acquired on 1 January 2015 and able to generate benefits to the company for 10 years. On 1 January 2017, due to change in consumers' preference pattern, the market value of the customer list drop to RM10,000,000 with the revised economic life of 5 years.

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