a) Ibu Mertuaku Berhad manufactures paper boxes. The company closes its accounts annually on 31...
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a Ibu Mertuaku Berhad manufactures paper boxes. The company closes its accounts annually on May, and in its year ended May the company acquired the following assets:
A lorry was acquired under a hire purchase scheme and the relevant details are as follows:
A heavy machine was acquired for RM and used in the company.
A reconditioned van was acquired for RM to transport their management team. The van was not licensed as a commercial vehicle.
On October the company bought a folding machine for RM
Required:
Compute the total capital allowances claimable by Ibu Mertuaku Berhad for the above assets for the year of assessment
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