2 (a) Kite Sdn Bhd (KSB), a resident company, trades in recycling products. KSB closes its accounts annually on 31 May, and in its year ended 31 May 2018, the company acquired the following assets: (1) Lorry The lorry was acquired under a hire purchase scheme and the relevant details are as follows: RM Cost 210,000 Deposit paid on 10 January 2018 30,000 Loan 180,000 Interest 2,000 Instalment period 24 months First instalment due on 1 February 2018 (2) Heavy machine The heavy machine was acquired for RM3,000 and used in KSB's business. (3) Van A reconditioned van was acquired for RM130,000 to transport senior management. The van was not licensed as a commercial vehicle. (4) Moulding machine On 3 October 2017, KSB bought a moulding machine from Wau Company, a company resident in Indonesia, for RM120,000. KSB paid an additional amount of RM10,000 for the machine to be installed in Malaysia in November 2017. KSB did not remit any withholding tax to the Inland Revenue Board in respect of the purchase of the machine or the installation costs. Required: Compute the total capital allowances claimable by Kite Sdn Bhd for the above assets for the year of assessment 2018. Note: You should indicate by the use of the word 'nil any asset which does not qualify for capital allowances. (8 marks) 2 (a) Kite Sdn Bhd (KSB), a resident company, trades in recycling products. KSB closes its accounts annually on 31 May, and in its year ended 31 May 2018, the company acquired the following assets: (1) Lorry The lorry was acquired under a hire purchase scheme and the relevant details are as follows: RM Cost 210,000 Deposit paid on 10 January 2018 30,000 Loan 180,000 Interest 2,000 Instalment period 24 months First instalment due on 1 February 2018 (2) Heavy machine The heavy machine was acquired for RM3,000 and used in KSB's business. (3) Van A reconditioned van was acquired for RM130,000 to transport senior management. The van was not licensed as a commercial vehicle. (4) Moulding machine On 3 October 2017, KSB bought a moulding machine from Wau Company, a company resident in Indonesia, for RM120,000. KSB paid an additional amount of RM10,000 for the machine to be installed in Malaysia in November 2017. KSB did not remit any withholding tax to the Inland Revenue Board in respect of the purchase of the machine or the installation costs. Required: Compute the total capital allowances claimable by Kite Sdn Bhd for the above assets for the year of assessment 2018. Note: You should indicate by the use of the word 'nil any asset which does not qualify for capital allowances. (8 marks)