$970,$ Phase $4,$ for P$9,360,000.$ You are given the following information:

$1.$ The land was purchased in September $2001$ for P$480,000.$

$2.$ A building costing P$1,750,000$ was erected thereon in January $2002.$

$3.$ Improvements with a total cost of P$950,000$ were carried out in June $2006.$

$4.$ Capital allowances amounting to P$386,000$ had been claimed up to the date of disposal.

$5.$ A new commercial property, Plot $370,$ Phase $4,$ was purchased for P$1,250,000$ in November $2016.$

$6.$ Both properties were used in CPL$$s business and CPL always claims the maximum available reliefs and allowances.

Required:

In respect of Chamu $($Pty$)$ Ltd for the year ended $31$ December $2016$:

$($a$)$ Calculate the disposal gain arising on the sale of Plot $970,$ Phase $4.(11$ marks$)$

$($b$)$ Calculate the balancing charge or allowance arising on the sale of Plot $970,$ Phase $4.(2$ marks$)$

$($c$)$ Calculate the amount of capital allowance claimable in respect of Plot $370,$ Phase $4.(1$ mark$)$

$($d$)$ State the cost of Plot $370,$ Phase $4$ for capital gains tax purposes. $(1$ mark$)$