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Shine Ltd bought a new plant on the following hire purchase terms: S$ First down payment on 1 June 2018 630,000 20 instalments of S$205,000

Shine Ltd bought a new plant on the following hire purchase terms:

First down payment on 1 June 2018

630,000

20 instalments of S$205,000 commencing on 1 June 2018

4,100,000

Hire purchase price

4,730,000

The cash price of this plant was S$3.2 million.

The financial year ends on 31 December.

Required:

Determine the capital allowances using S19A [accelerated allowances] for the relevant years of assessmen

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