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a taxation assignment QUESTION FOURU Ogongo Limited decided to relocate from Ogoni land to Warri. The Company's assets in Ogonii land were acquired in 2008
a taxation assignment
QUESTION FOURU Ogongo Limited decided to relocate from Ogoni land to Warri. The Company's assets in Ogonii land were acquired in 2008 as follows: Factory building Ware house Plant and machinery When the company relocated to Warri in 2015 , it made the following transactions: Disposal of old assets in Ogoniland: Factory building Warehouse Plant and machinery Expenses in connection with the disposal: Factory building Warehouse Acquisition of new assets in Warri to replace the ones sold: Factory building Wareliouse Plant and machinery You are required to compute the Conpilal Gain Tax payable assuming that the tar pate 14 10\% and that all possible claims which reduce or defer the lax liability are made. (121n Marks)Step by Step Solution
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