CAPITAL ALLOWANCE TUTORIAL 2 Ros, the owner of Rose Fusion Cafe', commenced her fusion food restaurant and catering business on 1 January 2015. Rose incurred the following capital expenditure for her business during the year ended 31 December 2015: Asset RM Table and chairs 25,000 Linen 20,000 15,000 18,000 Crockery and glass dinner plates and mugs Stainless steel cooking equipment Kitchen cooking oven Passenger vehicle acquired: Cost of new vehicle 120,000 185,000 In year 2017 Ros dispose Linen with the price of RM 2,000 and in 2019 she dispose Kitchen cooking oven for the price of RM 38,000. Assume all asset Initial Allowance (IA): 20%; Annual Allowance (AA): 10% Except for Kitchen cooking oven Initial Allowance (IA):20%; Annual Allowance: 14% and Motor vehicles Initial Allowance (IA):20%; Annual Allowance: 20% Required: Compute the i. capital allowances for the assets acquired by Rose Fusion Cafe for the year assessment 2015, 2016, 2017,2018, and 2019 ii. balancing allowances or Balancing charges for 2017 and 2019