The following are the expenditure incurred for plant and machineries by Perniagaan Cinta Sdn. Bhd. in Johor Bharu owned by Puan Riana. The business closes its account on 30 June each year 1. Machinery cost RM86,000 (bought in 2013) was brought into Malaysia from the branch in Singapore. On the day it was transferred to Johor (during year of assessment 2018), the market value of the machine was RM58,000 and the net book value was RM62,000. Another RM2,500 was incurred for the installation of the machine. For plant and machinery in items (1),determine the Qualifying Plant Expenditure (QPE).
The following are the expenditure incurred for plant and machineries by Perniagaan Cinta Sdn. Bhd. in Johor Bharu owned by Puan Riana. The business closes its account on 30 June each year 1. Machinery cost RM86,000 (bought in 2013) was brought into Malaysia from the branch in Singapore. On the day it was transferred to Johor (during year of assessment 2018), the market value of the machine was RM58,000 and the net book value was RM62,000. Another RM2,500 was incurred for the installation of the machine. For plant and machinery in items (1),determine the Qualifying Plant Expenditure (QPE).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following are the expenditure incurred for plant and machineries by Perniagaan Cinta Sdn. Bhd. in Johor Bharu owned by Puan Riana. The business closes its account on 30 June each year 1. Machinery cost RM86,000 (bought in 2013) was brought into Malaysia from the branch in Singapore. On the day it was transferred to Johor (during year of assessment 2018), the market value of the machine was RM58,000 and the net book value was RM62,000. Another RM2,500 was incurred for the installation of the machine.
For plant and machinery in items (1),determine the Qualifying Plant Expenditure (QPE).
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