The following scenario relates to the next five (5) questions Smart Glove Sdn Bhd acquired a piece of land on 15th May 2020 and has completed the construction of its own factory and office premises on 26th November 2020. Before the acquisition of the land, the company rented a factory building to carry on its manufacturing operation. The company had started its manufacturing operations in its new building on 12th January 2021. 18% of the total floor space of the factory building was used as an office. The accountant of the company shows you the total expenditures incurred in relation to the construction of the factory building for the year ended 31 December 2020 as follow: No. / Expenditure 1. Cost of land 2 Legal fees for acquisition of land 3. Legal fees for the agreement with the contractor 4. Consultant's fees 5. Fees paid to local authority for approving the plan 6. Stamp duty for purchase of land 7 Construction cost 8 Cost of clearing old land 9. Architect's fees and wiring fee Total: RM 720,000 14,400 5,760 100,800 37,440 11,520 648,000 74,880 57,600 1,670,400 Additional note: Smart Glove Sdn Bhd is a tax resident company in Malaysia. 2 points What is the residual expenditure for Qualifying Building Expenditure for YA2021? RM636,781 RM644,717 RM585,205 RM654,636. What is the cost of Non-Qualifying Building Expenditure? 2 points RM168,480. RM171,072. RM152,928. RM166,406. What is the cost of Qualifying Building Expenditure? 2 points RM696,672 RM779,328 RM767,520. RM758,074. The following scenario relates to the next five (5) questions Smart Glove Sdn Bhd acquired a piece of land on 15th May 2020 and has completed the construction of its own factory and office premises on 26th November 2020. Before the acquisition of the land, the company rented a factory building to carry on its manufacturing operation. The company had started its manufacturing operations in its new building on 12th January 2021. 18% of the total floor space of the factory building was used as an office. The accountant of the company shows you the total expenditures incurred in relation to the construction of the factory building for the year ended 31 December 2020 as follow: No. / Expenditure 1. Cost of land 2 Legal fees for acquisition of land 3. Legal fees for the agreement with the contractor 4. Consultant's fees 5. Fees paid to local authority for approving the plan 6. Stamp duty for purchase of land 7 Construction cost 8 Cost of clearing old land 9. Architect's fees and wiring fee Total: RM 720,000 14,400 5,760 100,800 37,440 11,520 648,000 74,880 57,600 1,670,400 Additional note: Smart Glove Sdn Bhd is a tax resident company in Malaysia. 2 points What is the residual expenditure for Qualifying Building Expenditure for YA2021? RM636,781 RM644,717 RM585,205 RM654,636. What is the cost of Non-Qualifying Building Expenditure? 2 points RM168,480. RM171,072. RM152,928. RM166,406. What is the cost of Qualifying Building Expenditure? 2 points RM696,672 RM779,328 RM767,520. RM758,074