Question
The One Kenya Alliance Ltd was established on January 1 2022 to process dried fruits for the export market. The company incurred the following costs
The One Kenya Alliance Ltd was established on January 1 2022 to process dried fruits for the export market. The company incurred the following costs in constructing relevant structures which were utilized from 1 January, 2022:
Ks h.
Factory building 9 97,200,000
Labour quarters 42,400,000
Showroom 3,950,000
Staff recreation facility 14,500,000
Retail shop 7,700,000
Godown for dispatch of goods 26,500,000
Perimeter wall 12,550,000
Administrative offices 21,600,000
Driveway 14,800,000
Sports pavilion 6,600,000
Concrete water tanks 800,000
Drainage system 1,900,000
Fax machines 9,A. 65,000
Additional Information:
1. A borehole was drilled at a cost of ksh. 6,300,000 and utilized with effect from 1
September, 2022.
2. On July 1, 2022 the company constructed a factory extension and a loading bay at the
cost of ksh. 24,650,000 and ksh 6,800,000 respectively.
3. The following assets were acquired on 1 August, 2022:
Ksh.
Pick-up truck (4 in total) 12,400,000
Scooters 1,300,000
Conveyor belt 14,600,000
Scanners 250,000
Bicycles 180,000
Mobile phones 360,000
Electronic weighing machines 130,000
Trolleys 140,000
Required:
Pacro A tlf |
Capital allowances due to One Kenya Alliance Ltd for the year ended 31 December
2022 (15 Marks)
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