MajuTerus Sdn Bhd commenced its manufacturing business in a rented factory on 1 March 2018 and prepares its first set of accounts to 28 February 2019 and to 28 February subsequently. In 2020, the company constructed its own factory building. Expenditures incurred on the construction were as follows:-

 

 

RM

Cost of land

900,000

Legal fees and stamp duty (RM30,000 relates to the purchase of land)

100,000

Architect fees

100,000

Construction cost

1,200,000

Drainage and irrigation

200,000

Electrical wiring and fittings

300,000

Cost of machinery

200,000

Cost of preparing site to install machinery

350,000

Landscaping around the factory area

200,000

 

The building was completed in December 2020 and was immediately used as a factory on 1 January 2021.

Required:

Compute the industrial building allowances on MajuTerus Sdn Bhd for the year of assessment 2021.