$($a$)$ Chombo Ltd is a manufacturing Company situated in Western Province of Zambia. The company is registered for Value Added Tax purposes. It reported a tax adjusted profit of K$392,906$ for the charge year $2023.$ This profit figure is before capital allowances. Chombo Ltd had the following assets on $1$ January $2023.$

Period in use Original cost $($K$)$

Toyota Mark II car $6$ years $60,000$

Manufacturing equipment $3$ years $170,000$

Mitsubishi Center $2$ years $185,600$

Toyota Hilux Van $2$ years $69,600$

The company purchased the following assets during the charge ear $2023.$

K

Manufacturing plant $125280$

Range Rover car $80,000$

Computers $29,000$

The company sold the Toyota Mark II car for K$15,600.$

The company paid provisional income tax of K$62,340$

Required:

$($i$)$ Calculate the total capital allowances claimable by the company clearly showing the capital allowances claimable on each of the above assets.

$($ii$)$ Calculate the income tax payable by the company for the charge year $2023$

$($b$)$ The following information is available in respect of two traders:

$($i$)$ Mr$.$ Neene Nakanga constructed a building whose cost was made up as follows:

K$\text{'}000$

Cost of land $25,000$

Factory unit $99,000$

Staff Canteen $52,000$

General Administrative Offices $35,000$

Total $211,000$

The building was put to use on $1$ January $2019$ for business purpose. In the year ended $31$ December $2023$ an extension was added to the factory at a cost K$80$ million, excluding the cost of land.

$($ii$)$ Mr$.$ John Shiyanda,a trader constructed an industrial building at a cost of K$500$ million

inclusive of the cost of land of K$80$ million. He received a government grant to assist with the construction work of Kl$00$ million. The building was put to use for the purpose of the business on $1$st April $2023.$

Required:

Calculate all the capital allowances which can be claimed for the charge year $2023$ by each of the two traders.