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Question 6 (a) Josephine has been working for Lemon Country Sdn Bhd since March 2019. The company gave her a second hand Toyota Vios for
Question 6 (a) Josephine has been working for Lemon Country Sdn Bhd since March 2019. The company gave her a second hand Toyota Vios for her use on 1 April 2020. The company had bought the motor vehicle for RM75,000. The car cost RM100,000 when it was new. The company also provides her with free petrol. The cost of petrol to the company was RM2,500 Required: Compute the benefit in kind which would be assessable on Josephine for YA 2020 under both formula method and prescribed value method. (8 marks)
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