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? 2. 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 financed 144k Terms of repayment 4.6k for 36 months Calculate the Capital Allowance for Korea Manufacturing for YA 2019 3. A person who intended to commence a business incurred a QE 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? 4. 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? 5. Company A has the following capital allowance beginning YA 2018. Previous year Current year 2018 460 70 2019 560 50 2020 610 60 In year 2019, Company A was fully sold to new owner. Show the CA for the Company A after the sale. 6. Sida Group received the following income for YA 2020 Subsid A Subsid B Adjusted income / loss 20k (3) CA 10k 4k Calculate the statutory income for Sida Group. Subsid C 30k 40k 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 satisfied with the reason of disposal. Calculate the CA for Jerlun Ent. for YA 2018 date expenditure $ Annual allowance rate 20 200k 800k 5/12/17 1/5/18 14 12/1/18 1/2/18 Heavy machinery deposit full payment Forklift (Hire Purchase) cost down payment principal interest Motor vehicle second hand motor car Computer office Equipment deposit full payment 130k 20k 38k 7.58k 5/4/18 1/5/18 1/11/18 866 8k 40 10 10k 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 construction of living accommodation Compute the forest QE for Tiram S/B. $ 30k 90k