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BAX6223 Taxation II Trimester 2, 2023/2024 MINING ALLOWANCE Question 1 Daya Tahan Sdn Bhd commenced its mining business on 1 April 2021 and incurred

BAX6223 Taxation II Trimester 2, 2023/2024 MINING ALLOWANCE Question 1 Daya Tahan Sdn Bhd commenced its mining business on 1 April 2021 and incurred cost of site and testing deposits of RM200,000. The estimated useful life of mine is 10 years and closes its accounts to 31 March annually. On 30 June 2022, the company incurred additional cost of developments of RM15,000. Required: Compute mining allowance of the company for all relevant years of assessment.

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