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NOTE : The above is relevant to Malaysian Taxation. 5. FaCai Sdn Bhd, a manufacturing company, incurred capital expenditure on the following assets in the
NOTE : The above is relevant to Malaysian Taxation.
5. FaCai Sdn Bhd, a manufacturing company, incurred capital expenditure on the following assets in the year ended 30 September 2011 RM RM New factory Construction Land cost Design and plan fees for building Legal fees & stamp duty (for purchase of land) Total cost of new factory 235,000 90,000 40,000 2,000 367,000 Production machinery (non-heavy machinery) Office equipment New computer system New motor car 195,000 18,000 85,000 125,000 Three assets had been acquired in previous years by the company. IWo of these assets were disposed of during the year ended 30 September 2011. The relevant details of the three assets are as follows: Motor car (acquired second hand) Office equipment Lorry Cost RM 75,000 25,000 150,000 Residual expenditure RM 10,000 7,500 60,000 Disposal price RM 18,000 2,400 Still in use Required: Compute the capital allowances, balancing allowance(s) and/or balancing charge(s) for FaCai Sdn Bhd for the year of assessment 2011. 5. FaCai Sdn Bhd, a manufacturing company, incurred capital expenditure on the following assets in the year ended 30 September 2011 RM RM New factory Construction Land cost Design and plan fees for building Legal fees & stamp duty (for purchase of land) Total cost of new factory 235,000 90,000 40,000 2,000 367,000 Production machinery (non-heavy machinery) Office equipment New computer system New motor car 195,000 18,000 85,000 125,000 Three assets had been acquired in previous years by the company. IWo of these assets were disposed of during the year ended 30 September 2011. The relevant details of the three assets are as follows: Motor car (acquired second hand) Office equipment Lorry Cost RM 75,000 25,000 150,000 Residual expenditure RM 10,000 7,500 60,000 Disposal price RM 18,000 2,400 Still in use Required: Compute the capital allowances, balancing allowance(s) and/or balancing charge(s) for FaCai Sdn Bhd for the year of assessment 2011Step by Step Solution
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