(Total 15 marks) QUESTION 4 ZAPS Company limited commenced business on March 1, 2010 preparing accounts to 31st December each year. The following assets were purchased and used in generating the income of the company: Date Assets Cost GHC 03/03/2011 Motor vehicle (V W Passat) 15,000 04/04/2011 Buildings 20,000 05/05/2011 Plants & machinery 20,000 06/06/2011 Furniture & fittings 6,000 07/07/2011 Computers & accessories 5.000 08/08/2013 Motor vehicle (Total Avensus) 35,000 09/09/2013 Building 10,000 A computer & a printer were sold for GHC1, 000 on 11/11/2012. Required: Using Income Tax Act, 2015 (Act 896) (i) Explain four conditions that would qualify for capital allowances. (4 marks) (ii) Explain three characteristics of assets classified under class 5. (3 marks) (iii) Compute the company's capital allowance for the period ended 2011-2016. (8 marks)