P&M Ltd. is carrying on business in Hong Kong and has an accounting date of 31 March each year. The company has a contract processing arrangement under which its solely owned joint venture company in the Mainland China carries out the manufacturing. P&M is responsible for supply of raw materials and always the owner of the plant and machinery used in the Mainland factory. The legal title of both raw materials and finished goods remains with P&M.

P&M is also a landlord in Hong Kong. During the year ended 31 March 2016, the company:

1. installed electric lifts in the Mainland factory with full cash payment of $2,000,000;

2. purchased a motor vehicle for its own operations in Hong Kong for $400,000 in cash;

3. incurred expenditure of $8,000,000 in the construction of a commercial building and leased to a tenant using it for qualifying trade.

P&M owned and used all of the above for the whole year.

Required:

How much in total could P&M Ltd. claim as deductible expense and/or deductible allowance in respect of the activities above in the year of assessment 2015/16?

Support your answer with computation in an itemized format.