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 Conveyor belts Furniture and fittings Sh. 82,000,000 6,200,000 350,000 Farm labour quarters 4,800.000 Coffee milling machinery 4,200,000 Irrigation system 1.480,000 Borehole 2,360,000 Construction of gabions 1,120,000 Lorry (3.5 tonnes) 3,400,000 Fencing of the farm 780,000 Farmhouse Tractor Godown Factory perimeter wall 2.620,000 3,600,000 1,860,000 948,000 2,600,000 Delivery van Trailer for tractor Computers 2 Saloon cars (each costing Sh.3,300,000) Sports pavilion Additional information: $20,000 720,000 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 320,000 Fax machine Water pump Packaging machine 180,000 560,000 1.720,000 Required: Investment allowances due to Kencoff Company Ltd. for the year ended 31 December 2020. (10 marks)