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Seroja Sdn Bhd is a gas distributor for Petronas Bhd. The company closes the accounts on31 December every year. Company's assets are as follows: i.

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Seroja Sdn Bhd is a gas distributor for Petronas Bhd. The company closes the accounts on31 December every year. Company's assets are as follows: i. Facsimile machine The facsimile was bought with cash at RM1,300 on 1 January 20x4. The fax machine was then sold to Melati Sdn Bhd (accounting year end 31 December) on 1 March 20x5 for RM 1,000 ii. Lorry A lorry was bought under hire purchase agreement on 8 September. 20x4. The information with regard to the purchase is as follows: Cash price RM90,000 Deposit RM15,000 Installment amount RM1,700 per month Number of installment 72 months First installment 30 September 20x4 REQUIRED: Compute Seroja Sdn Bhd's entitlement for capital allowances for the relevant years of assessment until 20x5. Seroja Sdn Bhd is a gas distributor for Petronas Bhd. The company closes the accounts on31 December every year. Company's assets are as follows: i. Facsimile machine The facsimile was bought with cash at RM1,300 on 1 January 20x4. The fax machine was then sold to Melati Sdn Bhd (accounting year end 31 December) on 1 March 20x5 for RM 1,000 ii. Lorry A lorry was bought under hire purchase agreement on 8 September. 20x4. The information with regard to the purchase is as follows: Cash price RM90,000 Deposit RM15,000 Installment amount RM1,700 per month Number of installment 72 months First installment 30 September 20x4 REQUIRED: Compute Seroja Sdn Bhd's entitlement for capital allowances for the relevant years of assessment until 20x5

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