Solution Please

QUESTION ELEVEN Greater Grace Ltd commenced business on 1" May 2016. It acquired the following assets in October 2016 GHC 20,000 130,000 40,000 Computer Equipment Furniture and Fittings The following is relevant in 2017 Additional Acquisitions: Computers 4X4 Vehicle Pick up Vehicle single Cabin Pick up Vehicle Double Cabin Land and Building Disposal and the following proceeds were received: Computers Equipment Additional building was acquired for GHC 670,000 in 2018 40,000 240,000 98,000 95,000 176,000 10,000 7,800 The following information is relevant: The land and building acquired in 2017 comprised the following Land Building 76,000 100,000 The company has a basis from January to December each year. Required: Compute capital allowance for the relevant years of assessment QUESTION ELEVEN Greater Grace Ltd commenced business on 1" May 2016. It acquired the following assets in October 2016 GHC 20,000 130,000 40,000 Computer Equipment Furniture and Fittings The following is relevant in 2017 Additional Acquisitions: Computers 4X4 Vehicle Pick up Vehicle single Cabin Pick up Vehicle Double Cabin Land and Building Disposal and the following proceeds were received: Computers Equipment Additional building was acquired for GHC 670,000 in 2018 40,000 240,000 98,000 95,000 176,000 10,000 7,800 The following information is relevant: The land and building acquired in 2017 comprised the following Land Building 76,000 100,000 The company has a basis from January to December each year. Required: Compute capital allowance for the relevant years of assessment