Question: Creative (S) Pte Ltd bought the following fixed assets during the accounting year ended 30 November 2021 for use in its wholesale business. Calculate the

Creative (S) Pte Ltd bought the following fixed assets during the accounting year ended 30 November 2021 for use in its wholesale business. Calculate the maximum capital allowances that it can claim in the Year of Assessment 2022.

Delivery van costing $105,000.
New cabinets worth $9,000 for office use, each cabinet costs $4,500.

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