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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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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