1. If a generator costing $300k is installed in a factory and the cost of preparing the site is $100k, what would be the QE

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1. If a generator costing $300k is installed in a factory and the cost of preparing the site is $100k, what would be the QE (qualifying expenditure) for the factory? Korea Manufacturing purchased a boiler on 1 July 2018 and ends its accounts on 31 December every year. Below is the details of the purchased; RM Cost of asset 160k Deposit paid 16k Sum nanced 144k Terms of repayment 4.6K for 36 months Calculate the Capital Allowance for Korea Manufacturing for YA 2019 A person who intended to commence a business incurred a OE for acquiring machinery on 10 June 2020. The business starts on 1 October 2020. When is the capital expenditure is deemed to have been incurred? Apex Ltd. sold its plant with a residual value of $10k for $18k. The total amount of CA claimed was $15K. how much is the balancing charge? Company A has the following capital allowance beginning YA 2018. Previous year Current year 2018 460 70 2019 560 50 2020 610 60 |n year 2019, Company A was fully sold to new owner. Show the CA for the Company A after the sale. Sida Group received the following income for YA 2020 Subsid A Subsid B Subsid C Adjusted income I loss 20k (3k) 30k CA 10k 4k 40k Calculate the statutory income for Sida; Group. 7. Jerlun Ent. was incorporated on 1 October 2016 and made up its accounts annually to 31 December. The business commenced on 1 February 2017 and were incurred the following capex during YE 2018. The computer was found to be unsuitable after 9 months of usage. It was disposed of for $4k and the DGIRD was satised with the reason of disposal. Calculate the CA for Jerlun Ent. for YA 2018 date expenditure $ Annual allowance rate Heavy machinery 200k 20 5112\" 7 deposit 800k 1l5l18 full payment Forklift (Hire Purchase) 14 12f1f18 cost 130k 112118 down payment 20k principal 38k interest 7.58k Motor vehicle 5l4l18 second hand motor car 86k 15:18 Computer 8k 40 111 11'18 ofce Equipment deposit 10k 10 full payment 50k 8. Good Furniture incurred and expenditure of $400k on the construction of the factory. The factory include administrative section costing $50k. what would be the QE for Good Furniture? What would be the IBA if the office cost $10k. 9. Pairat S/B incurred prospecting expenditure from 1 June 2015 to 30 June 2017. Subsequently a mining allowance was issued by the government on 1 July 2018 and mining operations commenced on 1 August 2018. The prospecting expenditure are as follows; YE 31 December $ 2015 60k 2016 50k 2017 40k 150k Calculate the QE for both prospecting and mining expenditure up to YA 2018. 10. Tiram S/B carries on a business of extracting timber from a forest in Kedah. The accounts are prepared to 31 December annually. The following expenditure was incurred for the YE 31 December 2014 Date Description $ YE 2014 construction of road 30k construction of living accommodation 90k Compute the forest QE for Tiram S/B