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aher 300,000 miles. an interest fase of 10%. On January 1 2021, the conping, beoed 2000,000 entinary shares at a price of $350 which was

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aher 300,000 miles. an interest fase of 10\%. On January 1 2021, the conping, beoed 2000,000 entinary shares at a price of $350 which was fully wherited. This was followed hy a bonts inue of I stare foet 5 $700,000 and ectained earmings a bulance of $520,000 changod and management has comaitted iv a plan of sele. The avet les been marketed at its fair coet so divpose of ble mese will be $900,000. is 51,200,000 after using it for 300,000 miles. On fanuary 1,2023 the directors of the eonpany droded io linse a specialised computer system begiening becernber 31, 2023. Te levee's increment bonwing ate is 200, and the noe lessor's implicit tate is 18%. CASE QuEsthous Decenber 2022 . The annual mileape of the troles is pinen below: [s marks) 2. (a) Calculate the defersed taxition on trukk 1 fir the year ended 31 December 2019 if the inland revenoe departunent for capital allowane sarpeses allowed for the track to be writen off over fos years on the straiph-Aine hevis with nil residual value. The rate of trastice is 30%. (5 marks) defrred taxition (4 marki) (10 marki) (s marks 31, 2021 with regards to this machine. [16 marks) 6. (a) Prepoec the relevant joumal entries fir the fiest twe (C) years on the lesee acquired by the company oe 1 Jmuary, 2023. (9marks)

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