Kencoff Company Ltd. is a coffee manufacturing company that was incorporated on 1 January 2020. The company commenced its operations on 2 May 2020 after incurring the following expenditure. Factory land and building Sh. 82,000,000 Conveyor belts Furniture and fittings Farm labour quarters 6,200,000 350,000 4.800.000 Coffee milling machinery 4,200,000 Irrigation system 1,480,000 Borehole 2,360,000 Construction of gabions Lorry (3.5 tonnes) Fencing of the farm Farmhouse Tractor Godown Factory perimeter wall Delivery van Trailer for tractor Computers 1.120,000 3,400,000 780,000 2,620,000 3,600.000 1,860,000 948,000 2,600,000 $20,000 720,000 2 Saloon cars (each costing Sh.3,300,000) Sports pavilion Additional information: 6,600,000 1,840,000 Included in the factory land and building is the cost of land valued at Sh.45,000,000. One of the saloon cars was disposed of during the year for Sh.2.200,000. 1. 2. 3. The following assets were purchased on 1 August 2020: Sh. Office curtains Fax machine 320,000 180,000 Water pump Packaging machine 560,000 1.720,000 Required: Investment allowances due to Kencoff Company Ltd. for the year ended 31 December 2020. (10 marks)