Reference no: EM132540801
Question - Dana Sdn Bhd incurred the following expenditure to construct a factory:
RM
Cost of land 260,000
Legal fees and stamp duty (RM6,000 relates to acquisition of land) 20,000
Architect's fee 26,000
Cost of approving plan 10,000
Cost of demolishing house 70,000
Construction cost (materials, labour and overheads) 2,000,000
Road and car park within the factory complex 60,000
Wiring and plumbing 70,000
Required - Determine the qualifying building expenditure for the factory.