Artize is a printing company with a financial year ending on 31 August. Upon the formation of the company on 1 January 2016 was trade in on 1 December 2017 with new printing machine. The purchase price for new printing machine was RM340000. The trade in value was RM 14000.

Required:

Compute the capital allowances and balancing allowance/ charge (if any) for the above machinery acquired for the relevant year assessment up to the year assessment up to the year of assessment 2018.

subject: BUSINESS TAXATION