Question
A business in the agricultural production and manufacturing incurred the following capital expenditures in the year 2022: Ksh 000 Extension to factory building 45,000 Additional
A business in the agricultural production and manufacturing incurred the following capital expenditures in the year 2022:
| Ksh 000 | |
| Extension to factory building | 45,000 |
| Additional land | 6,800 |
| Scanning machines | 2,400 |
| Disc Plough | 640 |
| Watch tower | 2,900 |
| Terraces | 180 |
| 3 Saloon cars | 9,400 |
| Processing machinery | 12,000 |
| Farm Trolleys | 480 |
| Tippers | 8,700 |
| Total | 88,500 |
Required:
Compute the capital allowances due on the above items
A. Ksh 35,352,000
B. Ksh 34,337,000
C. Ksh 38,352,000
D. Ksh 35,262,000
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
To compute the capital allowances due on the above items we need to use the Capital Allowanc...
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Step: 2
Step: 3
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
