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please help me i will give good rating B. Upon expiration of the pioneer status, Brownish Bhd is planning to apply for reinvestment allowance. The
please help me i will give good rating
B. Upon expiration of the pioneer status, Brownish Bhd is planning to apply for reinvestment allowance. The following expenditure is expected to incur by the company in the year 2027 in relation to its business expansion program: Expenditure Purchase of land Hi-technology plant and machineries New factory building Construction of new automated storeroom Office equipment RM 4,000,000 1,900,000 2,660,000 300,000 165,000 2027 Adjusted income Capital allowances Interest in income RM 10,200,000 2,000,000 185,000 Other incomes Approved donations RM 30,000 50,000 Required: Determine the chargeable income and exempt income account (if any) for the year of assessment 2027 assuming the application is successfulStep by Step Solution
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