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This assignment consists of 2 questions with total marks 35. All questions must be answered. Question 1(a) The followring are vahislec roct. Both vehicles are
This assignment consists of 2 questions with total marks 35. All questions must be answered. Question 1(a) The followring are vahislec roct. Both vehicles are sold in 2021 . 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) Question 1 (b) A manufacturing company with a share capital of RM3 million. The company acquired the following assets during its financial year ended 31 December 2022 The first instalment commenced on 2 February 2022 of amount per amount RM6,413 Required Compute the capital allowances in respect of all the assets for the year of assessment 2022 (8 marks) (Total 25 marks)
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