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发表于 25-8-2016 11:27 AM
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example:
Y.A. 2014
first year addition for hire purchase: RM24,573 (*not include hire purchase interest and include deposit paid for the car)
initial allowance - RM 24,573 x 20% = RM4,915
annual allowance - RM 24,573 x 20% = RM4,915
TAX W.D.V. C/F TO Y/A 2015 RM14,743
Y.A. 2015
monthly instalment RM1,702 (the monthly instalment payment for hire purchase had included the interest exp, for accounting purpose, you need to calculate the interest out by using certain interest rate formula. Plese remind that it is not just RMprincipal x %rate = interest !!! You need to use mathematic formula, don't think so easy!!!)
12 month x RM1,702 = RM20,424
I assumed the hire purchase interest exp is RM1,300
for calculating tax capital allowance
Second year addition : RM 20,424 - RM 1,300 = RM19,124
initial allowance - RM19,124 x 20% = RM3,825
annual allowance - RM19,124 x 20% = RM3,825
Summary:
capital allowance for CAR W111N in Y.A. 2015
W.D.V b/f I.A. A.A W.D.V. c/f
2014 RM24,573 14,743 - 4,915 9,828
2015 RM19,124 - 3,825 3,825 11,474
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