A company sells a vehicle on 31 December 2020 for N$ 120 000. The vehicle was originally purchased on 1 January 2019 at a cost of N$ 300 000. The accumulated depreciation on 31 December is N$ 200 000. The wear and tear allowances that have been claimed on the vehicle up to the date of sale is N$ 150000.

3a . Calculate the profit on sale arising from the above

3b Calculate the taxable recoupment

3c What are the taxable profits if the accounting profit was given as N$ 80 000?