8. Lazida Sdn Bhd is a company manufacturing paints and has been carrying on business forseveral years. In 2008, the company construct a warehouse and was completed and broughtinto use in August 2010. The expenditure incurred by the company are as follow:RMConstruction cost570,000Legal fee and stamp duty (27% related to acquisition ofland)Architect's fees27,00027,000Cost of clearing landDrainage & IrrigationElectrical wiring and fittingRoad and car park11,50032,00018,00055,000Calculate the industrial building allowances for Lazida Sdn Bhd for all years up to YA 2014.

Industrial allowance is the construction cost spend on the construction of building, warehouse or…

Answered: Calculate the industrial building…

Business

Accounting

Calculate the industrial building allowances for Lazida Sdn Bhd for all years up to YA 2014.

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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