(a)LB Sdn. Bhd., a manufacturing company, acquired the following assets with their respective costs during its financial year ended 31 December 2018. It has increased its paid up ordinary share capital by RM1 million to RM3.7 million on 24 June 2018:

Machine A: RM

Cost of machine 140,000

Cost of alteration to the existing building 18,000

Installation cost of machine 2,000

Cost of oil used for machine 1,000

Machine B acquired by hire purchase:

Cost of machine RM126,000

Deposit paid on 2 January 2018 RM30,000

Term of repayment 24 months

Monthly instalment RM4,480.00

The first instalment of RM4,480 commenced on 2 February 2018.

Machine C:

Capital expenditure incurred on the cost of machineRM124,000

Cost of preparing the site for the installation of machine RM16,000

Furniture:

Received some furniture valued at RM10,000 from a long outstanding debtor as consideration of full settlement of its debts amounted to RM12,000.

Required:

Compute the capital allowances and residual expenditure in respect of all the assets for the year of assessment 2018. Show relevant workings.