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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. he Toyota Hiace bus was disposed off in June 2017 for an amount of GHS100,000. Profits declared were as follows: eriod to 31-3-2017-GHS864,000 'ear to 31-3-2018-GHS500,000 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. (5 marks) b) Taxation of Individuals and businesses is based on their residence status. State the residence rules with respect to: i. Individuals ii. Partnerships iii. Companies iv. Trusts

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