Jeiu Enterprise,a sole proprietorship business in Malaysia engaged in manufacturing of Korean beauty product, commenced its operations on 1 January 2017 and made up its accounts on 31 December each year. The company's capital enpenditures durng the first two years of operations are as follows RM Menyediakan tapak untuk memasang loji dan mesin Preparation of site for installation of plant and machinery 100,000 Pembelian loji dan mesin tempatan Locally purchased plant and machinery Mesin pencetak / Printing machine 900,000 Nota 1/ Note 1 Nota 2/ Note 2 Kereta Honda/Honda car Nota/Note 1: Jeju Enterprise disposed of printing machine on 1 June 2018 to .another company for RM32,000 The machine was acquired by cash on 1 July 2017 for RM45,000 NotalNote 2: Kereta Honda/Honda car orepaenTO The car is a second hand car and it was purchased on 5 September 2017. 0t0 RM 88,000 Harga tunai /Cash price Harga sewa beli/ ire purchased price Bayaran pendahuluan pada 5 September 2017 Down payment on 5 September 2017 Ansuran bulanan dari 5 Oktober 2017 Monthly installments from 5 October 2017 107,440 25,000 2,290 x 36 bulan / months Compute the capital allowances, balancing allowances/charges and residual expenditure for year of assessment 2017 and 2018. (20 markah/marks) (Jumlah/Total: 20 markah/marks) Jeiu Enterprise,a sole proprietorship business in Malaysia engaged in manufacturing of Korean beauty product, commenced its operations on 1 January 2017 and made up its accounts on 31 December each year. The company's capital enpenditures durng the first two years of operations are as follows RM Menyediakan tapak untuk memasang loji dan mesin Preparation of site for installation of plant and machinery 100,000 Pembelian loji dan mesin tempatan Locally purchased plant and machinery Mesin pencetak / Printing machine 900,000 Nota 1/ Note 1 Nota 2/ Note 2 Kereta Honda/Honda car Nota/Note 1: Jeju Enterprise disposed of printing machine on 1 June 2018 to .another company for RM32,000 The machine was acquired by cash on 1 July 2017 for RM45,000 NotalNote 2: Kereta Honda/Honda car orepaenTO The car is a second hand car and it was purchased on 5 September 2017. 0t0 RM 88,000 Harga tunai /Cash price Harga sewa beli/ ire purchased price Bayaran pendahuluan pada 5 September 2017 Down payment on 5 September 2017 Ansuran bulanan dari 5 Oktober 2017 Monthly installments from 5 October 2017 107,440 25,000 2,290 x 36 bulan / months Compute the capital allowances, balancing allowances/charges and residual expenditure for year of assessment 2017 and 2018. (20 markah/marks) (Jumlah/Total: 20 markah/marks)
