1. Bubble Tan bought the following assets during the year 2016 for his retail business. The Inland Revenue has sent notice to him that he is being audited for the years of assessment 2017 to 2020

• A van costing RM30,000
• Air conditioner costing RM3,000
• Table and chairs costing RM2,000
• Computer costing RM4,000

Required:

Prepare the capital allowance and residual expenditure schedules for the above assets for the years of assessment 2017 to 2020. [30 marks]

NOTE: THE ABOVE CALCULATION SHOULD BE IN MALAYSIAN TAXATION CALCULATION INCLUDING THE CA RATES.