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please need anwer very urgent i will give good rating QUESTION 2 (30 MARKS: 54 MINUTES) A. Jamal Textile Enterprise is a textile manufacturer operating

please need anwer very urgent i will give good rating

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QUESTION 2 (30 MARKS: 54 MINUTES) A. Jamal Textile Enterprise is a textile manufacturer operating in Selangor. The company was incorporated on 1 June 2019 and closes its account annually on 31 December. All machinery purchased was imported from Taiwan and it was delivered on 1 January 2020, and the business commenced officially on 1 February 2020. The following expenditure was incurred: (1) Purchased machinery that cost RM1,000,000 on 1 June 2020 and paid deposit RM100,000 on the day of purchase, while the remaining RM900,000 was paid on 1 November 2020. (11) Purchased forklift on hire purchase term on 1 January 2020. The total cost of the forklift is RM125,000, and Jamal Textile paid down payment of RM5,000. The total installment payment was RM48.000, excluding an interest amounting RM9,580. (111) Purchased a new car (Proton X50) on 30 December 2020 for the General Manager of the company costing RM120.000 (iv) Purchased a computer with printer on 1 April 2019 for RM5,500. This computer specification however was found to be incompetent for the task at hand after six(6) months of usage, so it was disposed of at RM4,800 on 1 October 2020. The Inland Revenue Board Malaysia (IRBM) has accepted the reason for its disposal. REQUIRED: (a) Compute the capital allowances and balancing charge/allowance (if any) and residual expenditure for Jamal Textile Enterprise for the year of assessment 2020. (13 Marks) (6) Explain the tax treatment for the computer that was sold in 2020 if the IRBM did not accept the reason for the disposal. (2 Marks) QUESTION 2 (30 MARKS: 54 MINUTES) A. Jamal Textile Enterprise is a textile manufacturer operating in Selangor. The company was incorporated on 1 June 2019 and closes its account annually on 31 December. All machinery purchased was imported from Taiwan and it was delivered on 1 January 2020, and the business commenced officially on 1 February 2020. The following expenditure was incurred: (1) Purchased machinery that cost RM1,000,000 on 1 June 2020 and paid deposit RM100,000 on the day of purchase, while the remaining RM900,000 was paid on 1 November 2020. (11) Purchased forklift on hire purchase term on 1 January 2020. The total cost of the forklift is RM125,000, and Jamal Textile paid down payment of RM5,000. The total installment payment was RM48.000, excluding an interest amounting RM9,580. (111) Purchased a new car (Proton X50) on 30 December 2020 for the General Manager of the company costing RM120.000 (iv) Purchased a computer with printer on 1 April 2019 for RM5,500. This computer specification however was found to be incompetent for the task at hand after six(6) months of usage, so it was disposed of at RM4,800 on 1 October 2020. The Inland Revenue Board Malaysia (IRBM) has accepted the reason for its disposal. REQUIRED: (a) Compute the capital allowances and balancing charge/allowance (if any) and residual expenditure for Jamal Textile Enterprise for the year of assessment 2020. (13 Marks) (6) Explain the tax treatment for the computer that was sold in 2020 if the IRBM did not accept the reason for the disposal. (2 Marks)

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