Legend Sdn Bhd purchased a machine costing RM 160,000. The machine was then sold to Elite Sdn Bhd on 31/07/2021 at a price of RM154,000. Both companies are under the control of Neuro Sdn Bhd and the accounting period for both companies are as follows: Legend closes its account on 31/12 Elite closes its account on 31/8 Required : Compute Capital allowances for both company
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Legend Sdn Bhd purchased a machine costing RM 160,000. The machine was then sold to Elite Sdn Bhd on 31/07/2021 at a price of RM154,000. Both companies are under the control of Neuro Sdn Bhd and the accounting period for both companies are as follows:
- Legend closes its account on 31/12
- Elite closes its account on 31/8
Required :
Compute Capital allowances for both company
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