Congratulations on your appointment as a Tax Trainee at a recognized audit firm in Jamaica. On your first assignment your supervisor asked you to assist him with the income tax computation of a small business in the tourism sector. The company provided the following information:

Allen's Rest Well Resort is a resort cottage located incorporated in Jamaica. The company is a registered tourism operator under the Tourist Board Act. The hotel commenced operations on the

1 January 2019.

Fixed Assets

	Cost(J$)	TWDV(J$)
Building(hotel)	100,000,000	72,000,000
Furniture	8,000,000	6,000,000
Computer(Laptops and CPU'S)	1000,000	500,000
Computers(printers and monitors)	500,000	375,000
Motor cars #1 Purchased in JULY 2019	3,000,000	2,437,500
Motor car #2 purchased in January 2012	2500,000	1,875,000
Bus and vans purchased 1 January 2019	800,000	480,000

The following acquisitions and disposal occurred in 2021:

1. A Corolla motor car purchased for $3,000,000. Acquired 1 April 2021.

2. A BMW for $10,000,000. Acquired 1 November 2021.

3. A new building constructed for $30,000,000

4. Laptop for $100,000

5. Purchase of a telephones for $950,000.

6. The company Motor car #1 was sold for $2,700,000

Assume the relevant exchange Rate is US$152: J$1

Required

Calculate the capital allowance computation for Allen's Rest Well Resort for 2021.