question archive Bunny Ponny Toys Sdn Bhd incurred the following expenditures for its new manufacturing plant in Nilai, Negeri Sembilan
Bunny Ponny Toys Sdn Bhd incurred the following expenditures for its new manufacturing plant in Nilai, Negeri Sembilan
Subject:AccountingPrice: Bought3
Bunny Ponny Toys Sdn Bhd incurred the following expenditures for its new manufacturing plant in Nilai, Negeri Sembilan. Date Expenditure Amount (RM'000) 15 Mar 2012 17 Mar 2012 200,000 8,000 10 Apr 2012 2 Jan 2013 2 May 2013 18 Jul 2013 Purchase of land Legal Fees and Stamp Duty of which RM3,000 relates to land Architect's Fees Construction cost Cost of recreational room and canteen for factory workers Cost of preparing, cutting and tunneling land to install a machinery Cost of a machinery 30,000 2,200,000 80,000 1,000,000 18 Sept 2013 500,000 area was used for the following purposes: Usage of space Factory Canteen Rest room and wash room Administration office Showroom 80% 2% 3% 10% 5% In July 2016, the whole building was sold to Smily Toys Sdn Bhd for RM5,000,000 of which RM800,000 relates to the cost of land Required: Compute the industrial building allowances and charges (if any) due to Bunny Ponny Toys Sdn Bhd for all the relevant years of assessment up to the year of assessment 2016
