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A manufacturing company, incurred capital expenditure on a factory building and machinery as follows, for the year ended 30 November 2021: New factory: RM Cost

A manufacturing company, incurred capital expenditure on a factory building and machinery as follows, for the year ended 30 November 2021:

New factory:

RM

Cost of land

130,000

Cost of construction

480,000

Legal fees and stamp duty

(including fees for purchase of land RM5,000)

12,000

Plant and design fees for building

55,000

Total cost of factory

677,000

Plant and machinery;

RM

Office equipment

27,000

Computer system

98,000

Motor car

143,000

Production machine (heavy machinery)

580,000

During the year, they sold the following:

Cost

RM

Residual expenditure

RM

Disposal price

RM

Used motor car

(purchased in May 2019)

75,000

20,000

20,000

Required:

Compute the capital allowance(s), balancing allowance(s) and or balancing charge(s) for the year of assessment 2021.

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