Red Ltd commenced its manufacturing business in Hong Kong in June 2008 and closed its accounts annually on 31 March. The following assets are purchased and sold during the year of assessment 2019/20: i. Purchased a computer (Annual Allowance: 30%) ii. Bought office furniture (Annual Allowance: 20%) iii. Sold old office furniture (original cost $8,000) iv. Acquired a motor vehicle (Annual Allowance =30%) $40,000 $50,000 $10,000 $180,000 The amount of initial allowance which Red Ltd is entitled to claim for the year of assessment 2019/20 is: Select one: a. $138,000. b. $30,000. c. None of the above. d. $108,000.