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The following are vehicles cost: RMYear bought Lorry 160,000 June 2018 Toyota Altis 125,000 January 2017 Both vehicles are sold in 2021. sales proceed RM
The following are vehicles cost: RMYear bought Lorry 160,000 June 2018 Toyota Altis 125,000 January 2017 Both vehicles are sold in 2021. sales proceed RM Lorry 60,000 Toyota Altis 55,000 Required: i) State the four conditions for a person to be eligible to claim capital allowances. (4 marks) ii) Calculate the balancing charge or balancing allowance of both vehicles (13 marks) (Note The working including capital allowance calculation year on year carry marks)
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