Veeda Beauty Bhd is a manufacturing company producing health care products. The following information relates to the assets and liabilities of the company for the year ended 30 June 2020: a) The research and development expenditure was incurred during the year. The amount of RM1,000,000 out of RM2,400,000 was development expenditure that the company will capitalized and recognized as asset. The development expenditure will be amortized for 10 years. The tax authority allows all the research and development costs to be written off immediately in computing taxable profit. b) In 1 July 2019, the company entered into an agreement with its existing employees to provide healthcare benefits to retirees amounting to RM500,000. The entity recognised this amount as accrued healthcare benefits in the Statement of Financial Position as at 30 June 2020.The Inland Revenue Board has ascertained that healthcare cost are deductible for tax purposes when payments are made to retiree. c) As at 30 June 2020, the net book value of a machinery was RM2,000,000. The machinery was purchased on 1 January 2018 at a cost of RM2,500,000. The machine is depreciated at 10% per annum on a straight line method yearly basis. The Inland Revenue Boards allows a capital allowance on such machine is RM625,000 and RM250,000 for year 2019 and 2020 respectively. d) The entity also revalued its office building to its current fair value of RM1,500,000. This has resulted in revaluation surplus of RM700,000. The tax authority does not allow any unrealized gains e) The investment of RM30,000,000 is a financial assets acquired in February 2020. It is classified as fair value through other comprehensive income. As at 30 June 2020, its fair value was determined to be RM32,000,000. The tax authority does not allow any unrealized gains.

f) The company also recognizes a liability of RM600,000 for accrued product warranty cost on 30 June 2020. These product warranty costs will not be deductible for tax purposes until the entity pay claims. g) An allowance for doubtful debts of 10% is to be made and the rules only allow specific provision for bad debts. As at 30 June 2020, the companys account receivables has an amount of RM70,000. h) During the year, the company recognized interest receivables amounting to RM12,000 from the companys investment in government bonds. The interest from the tax-exempt government bonds will be received in 2020. i) The company paid utilities expenses for July 2020 in June 2020 amounted RM3,000. These expenses is taxable upon paid. j) The company recognizes loan of RM1,000,000 as non-current liability with 5% interest. The company record the interest as accrued expenses by the end of accounting period. These interest will not be deductible for tax purposes until the entity pay the interest expenses.

Required: For each situation, identify taxable temporary differences, deductible temporary differences or permanent differences for the year ended 30 June 2020. Justify your answer by showing the difference. Required: For each situation, identify taxable temporary differences, deductible temporary differences or permanent differences for the year ended 30 June 2020. Justify your answer by showing the difference.