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Section 8 - ALL $1 questions are compulsory and MUST be attempted Mease write your answets to all parts of these questions on the lined

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Section 8 - ALL $1 questions are compulsory and MUST be attempted Mease write your answets to all parts of these questions on the lined pages within the Candidate Answer Booklet. Kinabalu Farm (Kinabaliu) grews vegetables. Kinabalu cominenced its operations on 1 January 2016 and closes its accounts on 31 December annually. Detaits of the expenditure incured by Kinabalu in the two years ended 31 December 2016 and 2017 are as follows: Assets acquired or constructed during the year ended 31 December 2016 Assets acquired or constructed during the year ended 31 December 2017 Required: (a) Compute the agricultare allowancet available to Kinabalu Farm for each of the years of assessment 2016 and 2017. Note: You should list all of the items (D) to (ix) and indicate by the use of the word 'nil' any item for which an allowance is not avallable. (7 marks) (b) Conipute the agriculture charge for the year of assessment 2019 , If any, if Kinabalu Farm disposed of the mill for RM180,000 on 10 January 2019 (2. marks) 3 years (c) State, with reasons, whether there would be an agriculture charge if Kinabalu Farm did not dispose of the mill until the year 2023. (1 mark) Section 8 - ALL $1 questions are compulsory and MUST be attempted Mease write your answets to all parts of these questions on the lined pages within the Candidate Answer Booklet. Kinabalu Farm (Kinabaliu) grews vegetables. Kinabalu cominenced its operations on 1 January 2016 and closes its accounts on 31 December annually. Detaits of the expenditure incured by Kinabalu in the two years ended 31 December 2016 and 2017 are as follows: Assets acquired or constructed during the year ended 31 December 2016 Assets acquired or constructed during the year ended 31 December 2017 Required: (a) Compute the agricultare allowancet available to Kinabalu Farm for each of the years of assessment 2016 and 2017. Note: You should list all of the items (D) to (ix) and indicate by the use of the word 'nil' any item for which an allowance is not avallable. (7 marks) (b) Conipute the agriculture charge for the year of assessment 2019 , If any, if Kinabalu Farm disposed of the mill for RM180,000 on 10 January 2019 (2. marks) 3 years (c) State, with reasons, whether there would be an agriculture charge if Kinabalu Farm did not dispose of the mill until the year 2023. (1 mark)

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