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Question 3 Bunga Sdn Bhd is in the transportation and logistics business and closes its accounts to 31 December annually. The company has been in

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Question 3 Bunga Sdn Bhd is in the transportation and logistics business and closes its accounts to 31 December annually. The company has been in operations for more than five years. The company acquired the following assets during the year ended 31 December 2015: Cost RM (1) New passenger motor vehicle 120,000 Lorry 200,000 (iii) Company van (with commercial license) 160,000 (iv) Second-hand passenger motor vehicle 101,000 During the year ended 31 December 2015, the following assets were disposed of: Qualifying Disposal expenditure proceeds RM RM Assets acquired in 2011 Office equipment 10,000 11,000 Assets acquired in 2012 Furniture and fittings 20,000 12,000 Required: (a) Compute the capital allowances for the new assets acquired in 2015. Marks) (b) Compute the residual expenditure and the balancing charge(s) and/or balancing allowance(s) in respect of the assets disposed of during the year of assessment 2015. (8 Marks) [Total: 25 Marks (17

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