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show full calculation ABC Ltd carries out a manufacturing and wholesale business in Mombasa. The following are details of assets owned by the company Year
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ABC Ltd carries out a manufacturing and wholesale business in Mombasa. The following are details of assets owned by the company Year acquired Cost Kshs . BE . R. Machinery (old) fixed in old building..... 2019 .60,278,900 Computers......... 2020 .5,640,000 Furniture and fittings........ 2019 .2,340,000 New machinery fixed in building 2020 34,900,000 Factory building.. 2019. 45,000,000 Extension to factory building and new machinery (Brought to use on 1 August 2020). .2020 21,300,000 Furniture and fittings........... 2020. 4,500,000 Require 1) Is the firm entitled to any capital allowances? If yes show how much for each year i) Would the situation have been different if the firm was in Thika? If yes show how Step by Step Solution
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