EXCEL FORCE MSC BERHAD 79 Notes to the Financial Statements (cont’d) 5. RIGHT-OF-USE ASSETS Leasehold buildings Office spaces Computer equipment Total RM RM RM RM Group and Company Cost 2021 At 1 January 2021/31 December 2021 19,756,200 1,032,562 - 20,788,762 Accumulated depreciation At 1 January 2021 - 28,683 - 28,683 Charge for the financial year - 344,187 - 344,187 At 31 December 2021 - 372,870 - 372,870 Carrying amount At 31 December 2021 19,756,200 659,692 - 20,415,892 2020 Cost At 1 January 2020 19,756,200 1,032,561 90,765 20,879,526 Additions - 1,032,562 - 1,032,562 Expiration of lease contract - (1,032,561) (90,765) (1,123,326) At 31 December 2020 19,756,200 1,032,562 - 20,788,762 Accumulated depreciation At 1 January 2020 - 717,057 65,552 782,609 Charge for the financial year - 344,187 25,213 369,400 Expiration of lease contract - (1,032,561) (90,765) (1,123,326) At 31 December 2020 - 28,683 - 28,683 Carrying amount At 31 December 2020 19,756,200 1,003,879 - 20,760,079 The remaining lease term of the leasehold buildings is 82 years (2020: 83 years).
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