Xie Pte Ltd was incorporated on 2 January 2017 and commenced business on 1 July 2018. The following expenditures were incurred on plant and machinery:

• 2 January 2017 to 31 December 2017 $150,000
• 1 January 2018 to 30 June 2018 $200,000
• 1 July 2018 to 31 December 2018 $300,000

The companys year-end is 31 December.