ABC Manufacturing Company Ltd. which commenced business in Accra on 1st January 2015 and prepares accounts to 31st December each year ceased to operate on 30th June, 2016 due to the companys inability to cope with the stiff competition in the manufacturing industry. The Final accounts of the company for the period ending 30th June, 2016 which was submitted to the Commissioner of Ghana Revenue Authority on October, 2016 showed a loss of GHS 250,000. Apart from the factory building, all the assets of the company were sold on the date of cessation as per the scheduled below. Assets Cost Written Down Value Disposal Value GHS GHS GHS 1. Plant, Machinery & Vehicle 800,000 192,000 450,000 2. Warehouse 420,000 252,000 700,000 3. Office Furniture 350,000 143,000 235,000 4. Computers 500,000 64,500 40,000 The Factory Building cost GHS1,500 and the written down value reflected in the accounts was GHS 900,000. Depreciation of GHS 300 was charged against the income. Required: a. Compute the companys income tax for 2016 Year of Assessment b. Determine any other tax to be paid by the company