Question
Ibu Mertuaku Berhad manufactures paper boxes. The company closes its accounts annually on 31 May, and in its year ended 31 May 2022, the company
Ibu Mertuaku Berhad manufactures paper boxes. The company closes its accounts annually on 31 May, and in its year ended 31 May 2022, the company acquired the following assets: A lorry was acquired under a hire purchase scheme and the relevant details are as follows
RM Cost 210,000 Deposit paid on 10 January 2022 30,000 Loan 180,000 Interest 2,000 Instalment period (months) 24 First instalment due on 1 February 2022
A heavy machine was acquired for RM3,000 and used in the company. A reconditioned van was acquired for RM130,000 to transport their management team. The van was not licensed as a commercial vehicle. On 3 October 2022, the company bought a folding machine for RM120,000
Required: Compute the total capital allowances claimable by Ibu Mertuaku Berhad for the above assets for the year of assessment 2022. [30 marks]
I NEED IT TO BE IN TABLE (MUST HAVE CALCULATION) AND NOT JUST ANSWER. IF YOU DID NOT KNOW THE CALCULATION, PLEASE DO NOT ANSWER. AND IF THERE IS CALCULATION, I WOULD GIVE THUMBS UP THANKS
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