During the year the company had to spend money on the following items:

It was aware that all businesses need to expand their activities to counter changes in the economy. During the basis period

$31$

$$December

$2023$

$,$

$$the company spent the following:

$1$

$.$

$$Review of potential to deliver goods using drones. The cost was $

$18$

$,$

$600$

$2$

$.$

$$Management review carried out by Boston Consulting into the restructure of the back office functions of the company. The cost was $

$7$

$,$

$890$

$3$

$.$

$$Payment of overseas travel cost for Kat to attend a logistics conference in Doha. The conference was

$5$

$$days$.$ After the conference she spent

$4$

$$days visiting the Saudi Arabian investment company and

$3$

$$days on annual leave. The cost of the airfare was $

$15$

$,$

$780$

$$and the hotel cost was $

$3$

$,$

$000$

$.$

$4$

$.$

$$ The company also sponsored the local football team and paid the football club $

$5$

$,$

$000$

$$to buy equipment and to put their company logo on the football ground. Freenadver

$5$

tising

$5$

$.$

$$The company needed two new

$5$

$$tonne trucks and a delivery van. The trucks cost $

$85$

$,$

$000$

$$each and the delivery van cost $

$28$

$,$

$000$

$.$

$$

$6$

$.$

$$The old delivery van was traded in for $

$5$

$,$

$000$

$$on the purchase of the new van. The WDV at the date of the trade in was $

$3$

$,$

$800$

$.$

$7$

$.$

$$A new computer system was introduced and the cost of the new computers as

a result of the upgrade was $

$35$

$,$

$000$

$.$

$$

Issues they seek advice on:

$1$

$$Advise the company if the above expenses are deductible or not under the Income Tax Act Singapore

$2$

$$Where appropriate calculate the amount of the allowable deduction.