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Tri 1 2023/2024 QUESTION 3 Putra Padu Sdn. Bhd. purchased a Toyota car for RM200,000 on 1.1.2021 and closes its accounts on 31.12 annually.

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Tri 1 2023/2024 QUESTION 3 Putra Padu Sdn. Bhd. purchased a Toyota car for RM200,000 on 1.1.2021 and closes its accounts on 31.12 annually. The car was sold on 30.9. 2023 for RM 130,000. Calculate: (i) The capital allowance for PutraPadu Sdn. Bhd. for the relevant year of assessment. The residual expenditure for each year of assessment. (ii) (iii) The balancing charge or balancing allowance upon disposal of the car. Question 3 Putra Padu CA YA 2021 RM QPE Non Commercial Vehicle -limits to RM 50,000 RM50,000 Initial Allowance 20% X Annual Allowance 20% XX Residual expenditure 30,000 YA2022 Annual Allowance RE XX XX XX YA2023 Disposal price [(50,000/200,000) x 130,000] RE Balancing charge/allowance XX XX XX/

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