13.Carrot Ltd's accounting profit for the year ended 31/12/2019 was $1,500,000. The following items of expenses have been charged in the profit and loss account in arriving at $1,500,000: Research and development expenses (Type A) incurred internally: $200,000 Special contribution payment to MPF: $300,000 Carrot Ltd's assessable profit for the year of assessment 2019/20: Select one: O a. $1,740,000 O b. $1,900,000. O c. $1,700,000 O d. $2,000,000 14.Which of the following is capital expenditure? Select one: O a. Payment to a departing employee for not competing with the company. O b. Payment to get rid of an unsatisfactory director. c. Expenses on compulsory removal. O d. Annual bonus. 15. For profits tax purposes, which of the following statements is incorrect? Select one: a. If an expense is capital in nature, it is normally not deductible. b. Foreign exchange gain in revenue nature is taxable only when it is realised. C. Even if an income is not sourced in Hong Kong, it is still taxable if deemed to be a trading receipt d. If an income is received from a non-resident, it will not be chargeable to profits tax