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roduction machinery $70,000
This was purchased in 2014 under a HP agreement where a deposit of $10,000 was paid. The bal was repaid over a 12 monthly installment starting from 1 October 2014.Required:
Assume maximum claim for allowances had always been made, determine the total allowances can claim for YA2016.Sir,
This company ( Make-nice ltd) was incorporated in sg & resident company is in the business of manufacturing cake-making moulds. Manufacturing operations are being carried out in its factory premises which MN purchased in 2007 for $2m.
I got 2 questions & can you clear it for me?
I)can I claim IA under S19(1) for YA2015 amounting to $5000 & YA2016 amounting to $9000.
ii) no. Of useful life was not given. How to calculate AA?No. of years of useful life was not given. How to calculate AA?
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