Azhan started his business in 2013 as a sole trader, registered under the name of Nahza...

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Azhan started his business in 2013 as a sole trader, registered under the name of Nahza Trading (accounting year end 31 December). In 2016 he got married, and in 2017 Azhan set up a company as an expansion to his sole trader business. The new company, Baharu Sdn. Bhd. has a paid up capital of 200,000 ordinary shares. Azhan owned 120,000 shares, while the balance is owned equally by his wife and his mother. Baharu Sdn. Bhd. commenced its operation on 18 November 2017 and ends its accounting year on 30 September. Following the establishment of Baharu Sdn. Bhd., Azhan sold the following non current assets from his sole trading business to Baharu Sdn. Bhd. on its commencement date, at their respective book value or fair value. Book Value/ Assets Acquisition Date Cost Fair Value Land 12 March 2013 RM400,000 RM850,000 Factory building 22 August 2014 RM350,000 RM320,000 Machinery 4 June 2016 RM160,000 RM90,000 On 3 February 2018, Azhan bought a computer for his sole trading business at a cost of RM6,000. On 3 September 2018, the computer was sold to Baharu Sdn. Bhd. for RM4,000. On 13 December 2018, Baharu Sdn. Bhd. sold the machinery to Terkini Sdn. Bhd. (accounting year end 31 December), a company which Azhan owns 20% of its shares, for RM25,000. On 15 July 2019, the computer was sold to Anita Trading, a sole proprietorship business owned by Azhan's good friend, for RM1,000. Required: Calculate the allowances under Schedule 3 of Income Tax Act 1967 due to all the businesses, up to YA 2019. Azhan started his business in 2013 as a sole trader, registered under the name of Nahza Trading (accounting year end 31 December). In 2016 he got married, and in 2017 Azhan set up a company as an expansion to his sole trader business. The new company, Baharu Sdn. Bhd. has a paid up capital of 200,000 ordinary shares. Azhan owned 120,000 shares, while the balance is owned equally by his wife and his mother. Baharu Sdn. Bhd. commenced its operation on 18 November 2017 and ends its accounting year on 30 September. Following the establishment of Baharu Sdn. Bhd., Azhan sold the following non current assets from his sole trading business to Baharu Sdn. Bhd. on its commencement date, at their respective book value or fair value. Book Value/ Assets Acquisition Date Cost Fair Value Land 12 March 2013 RM400,000 RM850,000 Factory building 22 August 2014 RM350,000 RM320,000 Machinery 4 June 2016 RM160,000 RM90,000 On 3 February 2018, Azhan bought a computer for his sole trading business at a cost of RM6,000. On 3 September 2018, the computer was sold to Baharu Sdn. Bhd. for RM4,000. On 13 December 2018, Baharu Sdn. Bhd. sold the machinery to Terkini Sdn. Bhd. (accounting year end 31 December), a company which Azhan owns 20% of its shares, for RM25,000. On 15 July 2019, the computer was sold to Anita Trading, a sole proprietorship business owned by Azhan's good friend, for RM1,000. Required: Calculate the allowances under Schedule 3 of Income Tax Act 1967 due to all the businesses, up to YA 2019.