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A B 3. Oman engineers is carrying on professional activity. One partner is working on full-time basis and his salary as per contact is OMR

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A B 3. Oman engineers is carrying on professional activity. One partner is working on full-time basis and his salary as per contact is OMR 3000 per month. The company did not receive any bankruptcy certificate of any debtor. Amount Debtors Particulars Amount (R.O) (OMR) Sales 1,200,000 4000 Cost of Goods Sold 200,000 5000 Gross Profit 1,000,000 1700 Administrative expense 80,000 D 6500 Depreciation [117,500 Total 17200 Partner's Salary 36,000 Bad debts 17,200 Total of expense 183,250 Net Profit 816,750 122,513 Particular Book Value Depreciation Depreciation Value Truck 255000 15% 38250 Furniture 150000 15% 22500 Computers 45000 6750 Land 500000 10% 50000 Total 945000 117500 Tax 15% Based on the above accounting information Calculate tax liability of the company (show all calculation in good form)

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