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QUESTION 3 Cocoa Delicious Sdn. Bhd. was incorporated on 1 May 2017 to...

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Accounting

QUESTION 3
Cocoa Delicious Sdn. Bhd. was incorporated on 1 May 2017 to carry on a business of operating cocoa plantation in Johor. The company makes up its account to 30 April every year. Details of capital expenditure incurred were as follows:
\table[[Date,Expenditure,RM],[1.1.2017,Cost of land,500,000],[1.3.2017,Clearing of land,80,000],[1.4.2017,Demolishing of Orang Asli's houses,50,000]]
1
\table[[1.6.2017,Construction of road,90,000],[1.10.2017,Planting of cocoa seedlings,140,000],[1.5.2018,Construction of labour quarters A,85,000],[1.9.2018,Building of mosque,75,000],[1.2.2020,Purchase of lorries,60,000],[1.12.2021,Construction of new labour quarters B,105,000]]
On 1 November 2021, the old labour quarters A was sold to Syarikat Bersatu Sdn. Bhd. for RM80,000. Syarikat Bersatu Sdn. Bhd. closes its accounts on 31 March every year.
Required:
Calculate the agriculture allowance and/or agriculture charge for Cocoa Delicious Sdn. Bhd. and Syarikat Bersatu Sdn. Bhd. for all relevant years of assessment till YA2023.
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