The question below is under Malaysia Taxation.

Identify whether each of the expenses listed below is allowable expense, or non-allowable expense. State with reason if you identified it as non-allowable expenses.

1. Depreciation expense
2. Renovation expense of an office building
3. Deposit paid for utilities
4. General provision expenses
5. Accounting & auditing fees
6. Donation to unapproved institution
7. Staff annual dinner
8. Stocks damage due to flash flood
9. Deduction for Employees provident fund (EPF)
10. Entertainment expenses for supplier and distributors.