QUESTION $2$

Hutan Sdn Bhd$.($financial year end: $31$ Dec$)$ is a company engaged in the business of timber extraction from a forest in Malaysia. It was in business for several years. For the year ended $31$ December $2021$ it incurred the following expenditure in respect of an area of forest from which it was granted a license to extract timber:

$\backslash$table$[[$Date$,$Expenditure,RM$],[,,],[\frac{12}{4}\frac{?}{2021},$Construction of road,$50,000],[\frac{14}{6}\frac{?}{2021},$Construction of administrative building,$60,000],[\frac{16}{8}\frac{?}{2021},$Construction of labor quarters,$80,000]]$

On $1$ September $2023,$ Hutan Sdn Bhd ceased and disposed the timber extraction business permanently for RM$120,000.$

Required:

$($i$)$ Compute the forest allowance and charges due to Hutan Sdn Bhd$.$ for the relevant year of assessment.

$($ii$)$ Assuming the company made an election under the provision to Para $32(1)$ of Schedule $3$ of the Income Tax Act $1967($as amended$),$ what is the forest charges for the relevant years of assessment?