Mobius Ltd, during the year ended 31 Mar 2021, constructed a building or us in its trade of manufacturing. The building was completed and put in use Mar 2021. The company incurred the following related costs: Land Building Materials 100,000,000 50,000,000 Manufacturing Machinery Placed in Building 20,000,000 Calculate total industrial building allowance for the 2020/21 year of
Mobius Ltd, during the year ended 31 Mar 2021, constructed a building or us in its trade of manufacturing. The building was completed and put in use Mar 2021. The company incurred the following related costs: Land Building Materials 100,000,000 50,000,000 Manufacturing Machinery Placed in Building 20,000,000 Calculate total industrial building allowance for the 2020/21 year of
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please help me
![Mobius Ltd, during the year ended 31 Mar 2021, constructed a building
for us in its trade of manufacturing.
The building was completed and put in use Mar 2021.
The company incurred the following related costs:
Land
Building Materials
100,000,000
50,000,000
20,000,000
Manufacturing Machinery Placed in Building
Calculate total industrial building allowance for the 2020/21 year of
assessment.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3be2c975-7c0c-4511-8d7b-54ae864e3c82%2Fabf7fc29-9a7f-4d7e-8388-d7f407670eaf%2Fmvvyvlc_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Mobius Ltd, during the year ended 31 Mar 2021, constructed a building
for us in its trade of manufacturing.
The building was completed and put in use Mar 2021.
The company incurred the following related costs:
Land
Building Materials
100,000,000
50,000,000
20,000,000
Manufacturing Machinery Placed in Building
Calculate total industrial building allowance for the 2020/21 year of
assessment.
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