KeeMee Farm (Vegetable farm. Pahang) was incorporated on 1st Jan 2017 and closes its accounts to 31st December annually. The following showed the details of expenditure incurred by KeeMee for 2018 and 2019. 2018 2019 Assets acquired / constructed RM RM (1) Land 450,000 (2) construction living quarters for employees 250.000 (3) Construction of plantation office 85.000 (4) Clearing land for cultivation 60.000 (5) Construction of the bridge 260,000 Replanting of vegetable seedlings 40,000 On 1st September 2020. KeeMee Farm sold all assets to his neighboring Nature Farm for a sum of RM 850.000 due to financial difficulties. Required: (a) Determine the agriculture allowances available to KeeMee for years of assessment 2018, 2019, and 2020. (12 marks) (6) 1) Compute the agriculture allowances available to Nature Farm for the YA 2020. (4 marks) (ii) Nature Farm discontinued planting organic fruits and vegetables on its farm and replaced the crops with timber trees as due to low margin. Indicate the qualifying on the new replanting timber trees. (3 marks) (c) Explain the tax treatment on disposal for agriculture form KeeMee to Nature Farm. (6 marks) [Total: 25 Marks] KeeMee Farm (Vegetable farm. Pahang) was incorporated on 1st Jan 2017 and closes its accounts to 31st December annually. The following showed the details of expenditure incurred by KeeMee for 2018 and 2019. 2018 2019 Assets acquired / constructed RM RM (1) Land 450,000 (2) construction living quarters for employees 250.000 (3) Construction of plantation office 85.000 (4) Clearing land for cultivation 60.000 (5) Construction of the bridge 260,000 Replanting of vegetable seedlings 40,000 On 1st September 2020. KeeMee Farm sold all assets to his neighboring Nature Farm for a sum of RM 850.000 due to financial difficulties. Required: (a) Determine the agriculture allowances available to KeeMee for years of assessment 2018, 2019, and 2020. (12 marks) (6) 1) Compute the agriculture allowances available to Nature Farm for the YA 2020. (4 marks) (ii) Nature Farm discontinued planting organic fruits and vegetables on its farm and replaced the crops with timber trees as due to low margin. Indicate the qualifying on the new replanting timber trees. (3 marks) (c) Explain the tax treatment on disposal for agriculture form KeeMee to Nature Farm. (6 marks) [Total: 25 Marks]