Question
Yan Sdn Bhd is a resident manufacturing company. In March 2018 the company constructed the following business premises: RM A factory 600,000 A warehouse 150,000
Yan Sdn Bhd is a resident manufacturing company. In March 2018 the company constructed the following business premises:
| RM | |
| A factory | 600,000 |
| A warehouse | 150,000 |
| A restroom and canteen | 80,000 |
| Living quarters for administrative staff | 210,000 |
| Living quarters for factory workers | 160,000 |
| Legal fees and charges on the contract agreement for the construction of the building premises | 30,000 |
| Architect fees regarding the building premises | 12,000 |
| Total cost | 1,242,000 |
The construction of the buildings was completed in September 2018 and the buildings were put into use for the business from February 2019. Yan Sdn Bhd closes its accounts on 30 April annually.
Required:
Compute the industrial building allowances due to Yan Sdn Bhd for the year of assessment 2019.
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
15th edition
978-0133428704
