Question: 1 Emas Sdn. Bhd. - Schedule 3 Allowances : Industrial Building Allowance [BPP Q 92, Pg 56] Emas Sdn. Bhd. was incorporated on 1 February

1 Emas Sdn. Bhd. - Schedule 3 Allowances : Industrial Building Allowance [BPP Q 92, Pg 56] Emas Sdn. Bhd. was incorporated on 1 February 2019. Its accounts are made up to 31 December annually. The company bought a piece of land for RM80,000 for the purpose of constructing a factory. The qualifying building expenses were incurred in the construction of the factory amounted to RM443,000. The building was completed on 23 December, 2019 and the company commenced its business on 15 January 2020. The building was wholly used as a factory until it was sold to Hitam Manis Sdn. Bhd

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