Question 2 (Total 26 marks) Mr. Lee owns a property in Hong Kong. Mr. Lee let to Ms. Ho for one year commencing 1 January 2017 with a monthly rent HKS20,000. Ms. Ho left the property without paying December 2017 rent to Mr. Lee. Mr. Lee then let the property to Mr. Ip for a four year period commencing 1 January 2018. The consideration was a lump sum premium of HK\$72,000 payable on 1 January 2018 and monthly rental of HK\$20,000 payable in advance on the first day of each month. The outstanding rent from Ms. Ho was confirmed to be bad and irrecoverable by assessor on 1 April 2018. However, luckily that Ms. Ho willing to pay back the outstanding rent in full to Mr. Lee in May 2021 Required Compute the assessable value of the above property from the year of assessment 2017/18 to 2021/22 (Show your detailed calculations). (26 marks) Question 2 (Total 26 marks) Mr. Lee owns a property in Hong Kong. Mr. Lee let to Ms. Ho for one year commencing 1 January 2017 with a monthly rent HKS20,000. Ms. Ho left the property without paying December 2017 rent to Mr. Lee. Mr. Lee then let the property to Mr. Ip for a four year period commencing 1 January 2018. The consideration was a lump sum premium of HK\$72,000 payable on 1 January 2018 and monthly rental of HK\$20,000 payable in advance on the first day of each month. The outstanding rent from Ms. Ho was confirmed to be bad and irrecoverable by assessor on 1 April 2018. However, luckily that Ms. Ho willing to pay back the outstanding rent in full to Mr. Lee in May 2021 Required Compute the assessable value of the above property from the year of assessment 2017/18 to 2021/22 (Show your detailed calculations). (26 marks)