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Question 1 a . State the four conditions that must be fulfilled for a person to be eligible to claim capital allowances.b . T Sdn

Question 1a. State the four conditions that must be fulfilled for a person to be eligible to claim capital allowances.b. T Sdn Bhd, a company manufacturing boxes, acquired the following assets during the financial yearended 30 June 2023.Printing machine:Cost of machine RM280000Cost of alteration to the existing building for the installation of the machine RM33600 an incidental costs of installation, RM2400.Folding machine:Cost of machineDeposit paid on 1 August 2022Hire purchase amountHire purchase interest included in aboveTerm of repaymentThe first instalment of RM4,480 commenced 1 September 2022.Cutting machine:Capital expenditure incurred on the cost of machine, RM62,000 and cost of preparing the site for the installation of the machine RM8,000.All three machines were in use for the purposes of the business at the end of the financial year ended 30 June 2023.Required:i. Compute the capital allowances in respect of the printing machine and the folding machine forthe year of assessment 2023.ii. State the reason the amount of the qualifying plant expenditure in respect of the cuttingmachine

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