4. The Departmental Interpretation and Practice Notes No 21 allows apportionment between Hong Kong and offshore profits in respect of which of the following types of income? I. Service income Royalty income Manufacturing profits IV. Trading profits II. III. (A), III (B) II, IV (C) II, III, IV (D)I, II, III 7. Jody and Ada are partners operating AML Solicitors and Notaries. Under the partnership agreement, Jody is allowed to draw a monthly salary of $10,000 and the partnership profit is divided in equal shares between the partners. During the year of assessment 2019/20, the partnership profit was HK$100,000 (before deducting partner's salary). How will the assessable profits be allocated between the partners? (A)Jody (profit of $40,000) Ada (profit of $50,000) (B)Jody (profit of $45,000) Ada (loss of $45,000) (C) Jody (profit of $50,000) Ada (profit of $50,000) (D)Jody (profit of $100,000) Ada (nil) 20. Mr. Chung carries on a business in Hong Kong. During the year ended 31 March 2020, he purchased the following assets (AA:30%) for his business use: Motor car: $160,000 Computer: $50,000 There is no balance brought forward in the 30% pool from the previous year of assessment. The total amount of deduction available to Mr. Wong in respect of the above two assets for the year of assessment 2019/20 are: (A) $210,000 (B) $189,000 (C) $151,200. (D) $63,000