A. Brownish Bhd, a resident manufacturing company located in Bayan Baru, Pulau Pinang.One of the products of the BSB is categorized as promoted product, thus the company iseligible to apply for Pioneer Status and the application was succeeding.The forecasted financial information has been prepared as follows:20252022RM1,150,000 2,240,000 3,375,000 4,725,000 6,615,0002023RM20242026RMRMRMAdjusted incomeBalancing chargeBalancing allowancesCapital allowancesInterest income150,00012,0004,210950,000 1,015,000 1,210,000 1,815,00015,92022,000925,00010,50014,92011,70021,00016.200Other incomes21,00025,00025,000Approved donations10,00012,00018,00022,00028,000Required:Calculate the chargeable income and exempt income account (if any) for the year ofassessment 2022 to 2026 for Brownish Bhd.

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A. Brownish Bhd, a resident manufacturing company located in Bayan Baru, Pulau Pinang. One of the products of the BSB is categorized as promoted product, thus the company is eligible to apply for Pioneer Status and the application was succeeding. The forecasted financial information has been prepared as follows: Adjusted income Balancing charge Balancing allowances Capital allowances Interest income Other incomes 2022 RM 2023 RM 2024 RM 2025 RM 2026 RM 1,150,000 2,240,000 3,375,000 4,725,000 6,615,000 150,000 12,000 4,210 925,000 950,000 1,015,000 1,210,000 1,815,000 10,500 11,700 15,920 16,200 14,920 21.000 21.000 22.000 25.000 25.000

A. Brownish Bhd, a resident manufacturing company located in Bayan Baru, Pulau Pinang. One of the products of the BSB is categorized as promoted product, thus the company is eligible to apply for Pioneer Status and the application was succeeding. The forecasted financial information has been prepared as follows: Adjusted income Balancing charge Balancing allowances Capital allowances Interest income Other incomes 2022 RM 2023 RM 2024 RM 2025 RM 2026 RM 1,150,000 2,240,000 3,375,000 4,725,000 6,615,000 150,000 12,000 4,210 925,000 950,000 1,015,000 1,210,000 1,815,000 10,500 11,700 15,920 16,200 14,920 21.000 21.000 22.000 25.000 25.000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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