QUESTION 2 The purpose of capital allowance is to give relief for wear and tear of...

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QUESTION 2 The purpose of capital allowance is to give relief for wear and tear of fixed asset for business. You are required to write an essay (3 pages minimum) explaining on Capital Allowance" Some content of essay includes: (800 Words) - - - - "Plant" explained and difference between capital and revenue expenditure with examples Types of capital allowance Conditions for claiming capital allowance Computer software and capital allowance claim Accelerated Capital Allowance Small value asset - Agricultural allowance Relevance cases: for examples: J Lyons & Co Ltd v Attorney General (1944), this case has been used to define plan TTK vs Ketua Pengarah Hasil Dalam Negeri (1988), this case has been used to explain person entitled to claim Capital Allowance. QUESTION 2 The purpose of capital allowance is to give relief for wear and tear of fixed asset for business. You are required to write an essay (3 pages minimum) explaining on Capital Allowance" Some content of essay includes: (800 Words) - - - - "Plant" explained and difference between capital and revenue expenditure with examples Types of capital allowance Conditions for claiming capital allowance Computer software and capital allowance claim Accelerated Capital Allowance Small value asset - Agricultural allowance Relevance cases: for examples: J Lyons & Co Ltd v Attorney General (1944), this case has been used to define plan TTK vs Ketua Pengarah Hasil Dalam Negeri (1988), this case has been used to explain person entitled to claim Capital Allowance.