Question $4$

Hello Sdn Bhd $($HSB$)$ which accounting date $30\mathrm{.}4$ has issued capital of $50,000$ shares owned

by the following:

SoBright Trading Sdn Bhd $($STSB$)$ which accounting date $31\mathrm{.}8$ has issued capital of $100,000$

shares owned by the following:

PS Commodilies Sdn Bhd which an accounting date $30\mathrm{.}6$ has issued a capital of $50,000$

shares owned by the folowing: $-$

HSB which commenced business on $1\mathrm{.}6\mathrm{.}2016,$ purchased the following otfice equipment on

that day:

HS$8$ closed is first set of accounts on $30,4\mathrm{.}2017.$

HSB sold its electric typewriter to STSB for RM$4,000$ on $5\mathrm{.}8\mathrm{.}2017.$ Subsequently,

STSB sold the typewriter to PS Commodities Sdn Bhd on $15\mathrm{.}8\mathrm{.}2018$ for RM$3,000.$

HSB acquired a duplicating machine and a pholocopier on $15\mathrm{.}5\mathrm{.}2019$ at RMO$0,000$

and FM$15,000$ respectively. Later, it soon found very little use for the duplicating

machine and sold machine and sold the machine to STSE on $31\mathrm{.}7\mathrm{.}2019$ for

RM$12,000.$

On $30\mathrm{.}6\mathrm{.}2019$ HSB decide to sell Printer A$02$ to Syahmi Sdn Bhd which urrelated

party at a price of RM$1,500$ and Printer AD$1$ to foreign companies that reside and

carry business in Malaysia.

Required:

Calculste the allowance due to all conpanies under Schedule $3$ of the Act $($as amended$).$ The

prescribed rate of the annual allowance for all the above assets is to be taken as $10\%.$

$($Total: $20$ Marks$)$