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Assignment 4-6 Syarikat Maju Sdn. Bhd. a manufacturing company ends its accounts on 31.12 each year.

The company began to construct a building in June, 2003. The following expenditure were incurred in the construction of the building: RM 500,000 900,000 30,000 26,000 13,000 420,000 6,000 940,000 15,000

Year ended 31.12.2003

Cost of site/land Construction work Architect fees Cost of demolishing an old factory Legal fees (RM3,000 for acquisition of land) Construction work Architect fees Construction work Architect fees

Year ended 31.12.2003

Year ended 30.6.2003

The building was completed in June, 2003 and was used as a factory and administrative office till 25.7.2003. 20% of the building space was used as the administrative office. On 1.9.2007, the building was sold to Syarikat Kaya Sdn. Bhd. for RM3,900,000 (exclude the price of land). Immediately after the building was purchase, it was fully used as a factory by Syarikat Kaya Sdn. Bhd., whose accounting year ends on 30.6 each year.

REQUIRED a. Compute the QBE b. Compute the allowances and charges, (if any) for Syarikat Maju Sdn. Bhd. and Syarikat Kaya Sdn. Bhd. for all the relevant years of assessment up to and including the y/a 2010.

Hak Milik Sant Sahabat dan Kawan-Kawan. Dibenarkan untuk tujuan pembelajaran sahaja

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