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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

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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: - 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. I30 marks

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