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a) Asase Aban Limited commenced business October, 2015 to manufacture Office Farm inputs. Accounts are made up to 31 st March each year. The following

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a) Asase Aban Limited commenced business October, 2015 to manufacture Office Farm inputs. Accounts are made up to 31 st March each year. The following depreciable assets were acquired and put to use in the business. The Toyota Hiace bus was disposed off in June 2017 for an amount of GHS100,000. Profits declared were as follows: Period to 31-3-2017 - GHS864,000 Year to 31-3-2018 - GHS 500,000 Required: i. Compute the capital allowance claimable by the company for all the relevant years. (10 marks) ii. Determine the company's chargeable income for all relevant years. a) Asase Aban Limited commenced business October, 2015 to manufacture Office Farm inputs. Accounts are made up to 31 st March each year. The following depreciable assets were acquired and put to use in the business. The Toyota Hiace bus was disposed off in June 2017 for an amount of GHS100,000. Profits declared were as follows: Period to 31-3-2017 - GHS864,000 Year to 31-3-2018 - GHS 500,000 Required: i. Compute the capital allowance claimable by the company for all the relevant years. (10 marks) ii. Determine the company's chargeable income for all relevant years

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