Mine Bhd (financial year-end 31 December) started to operate a mine on 1 July 2016. The life of the mine was estimated for eight years. The expenditures incurred on the mine were as follows: Date Expenditures RM 1 January 2016 Cost of site 2,800,000 1 January 2016 to 30 June 2016 Testing deposits of minerals 1,000,000 Roads 580,000 Labour quarters 200,000 Compute the mining allowances for C Mine Bhd for the years of assessment 2016 until 2023 and determine the residual expenditure in the year of assessment 2023.