TAXATION IN MALAYSIA

COUNTRY TAX MALAYSIA

7. Bubble Tan bought the following assets during the year 2016 for his retail business. The Inland Revenue has sent notice to him that he is being audited for the years of assessment 2017 to 2020 A van costing RM30,000 Air conditioner costing RM3,000 Table and chairs costing RM2,000 Computer costing RM4,000 Required: Prepare the capital allowance and residual expenditure schedules for the above assets for the years of assessment 2017 to 2020. [30 marks] 7. Bubble Tan bought the following assets during the year 2016 for his retail business. The Inland Revenue has sent notice to him that he is being audited for the years of assessment 2017 to 2020 A van costing RM30,000 Air conditioner costing RM3,000 Table and chairs costing RM2,000 Computer costing RM4,000 Required: Prepare the capital allowance and residual expenditure schedules for the above assets for the years of assessment 2017 to 2020. [30 marks]