ABC Sdn Bhd who close his account at 31 December each year, constructed a factory and the
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Question:
ABC Sdn Bhd who close his account at 31 December each year, constructed a factory and the expenditure was incurred as follows:
Cost of land RM 900,000
Legal fees relating to land RM 3,000
Demolishing old office building RM 13,000
Construction costs RM 700,000
Plumbing and wiring RM 20,000
The factory building was completed on 1 January 2022 and brought into use on 1 February 2022.
Required: Compute the industrial building allowance for ABC Sdn Bhd.
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