Bank office in commenced If The 20 months the result on ASSIGNMENT Merchant ter, with as registered Enugu businer operation on April, 2005 & decide to prepare its a cocact 30th Porno November of every com meument year- audited account of the bank for the 1st following 1st April 2005 - 30th November 2005 1/12/2005 - 30/11/2006 Interest income Money at call fort netice 14,000 Sut, 000 billo Treasury 155,000 245,000 Gains disposed government Security 14000 Bankers accept 667,000 1,914,000 Trust receipt 45,000 211,000 agne loan Canete s 144,000 242,000 home on loan for export 142,000 152,000 Others 686,000 Other incomes! 450,000 21,000 Proft on saler Commission received 15,000 Rental income I lease 255,000 154,000 Discount 259,000 Total 2, 193,000 tance become on 154,000 Foreign exchange 860,000 of fixed assets 35,000 54000 5,907,000 Total expenses The follow en 114/2005 - 2010 2005 ile 1000s -alcelson Les interest expense 440000 S40,000 t-Salanes wager 530,000 550,000 319000 40,000 Depreciation 499,000 850,000 Reparos & maintenance 210,000 310,000 leuition for derestiul diet 152,000 165,000 - obor con call allowed) 710,000 950,000 2 $30,000 3,775,000 let progit (los) (337,000) 62, 130, 800) add and are relevant . a) Gric Qualifying apital experloture fixed assets are listed as An- Natur y ependiture Amount (ad) Date Motor vehicle (cars) (buses) July 250,000 November soos 14,000 September Office equipment 94,00 Buildings Feruary, 2006 forcov sold July for $55,000 in b Schedules to loans 114/2005 that period Heaves Repayment period Amount fars 50,000 45,000 q aqueletten 115,000 2005 Furniture & fitting . 200,000 Two motor cars purchased for 45,000 March 2006 interent 2007 were on agric Grace period 5 - 10 fears 2-5 yeard 122 Decb Repayment perod Grace period Amount of interest half gaur (6 months) 46,000 1/12/2005 - 31/u/2006 Repayment penol 1/2 years 5-10 years 2.5 years 141,000 Grace paid Amount of 20000 120,000 6months 2.000 242,000 1-2 years Capital allowance Mon-indurrical building rates: Motor Vehicle 25% Furniture & fiting Office Equipment Grbal ish 202 52 lol 20% 106 ol Anual -62 are 3 required compute the total clasilities of the bank your q assediment Copen prodefon of section 24 of dealing past payer's right to select the asfellment for and 8 and year by assessment teada UTA 1979 al eerder with the on actual perode Bank office in commenced If The 20 months the result on ASSIGNMENT Merchant ter, with as registered Enugu businer operation on April, 2005 & decide to prepare its a cocact 30th Porno November of every com meument year- audited account of the bank for the 1st following 1st April 2005 - 30th November 2005 1/12/2005 - 30/11/2006 Interest income Money at call fort netice 14,000 Sut, 000 billo Treasury 155,000 245,000 Gains disposed government Security 14000 Bankers accept 667,000 1,914,000 Trust receipt 45,000 211,000 agne loan Canete s 144,000 242,000 home on loan for export 142,000 152,000 Others 686,000 Other incomes! 450,000 21,000 Proft on saler Commission received 15,000 Rental income I lease 255,000 154,000 Discount 259,000 Total 2, 193,000 tance become on 154,000 Foreign exchange 860,000 of fixed assets 35,000 54000 5,907,000 Total expenses The follow en 114/2005 - 2010 2005 ile 1000s -alcelson Les interest expense 440000 S40,000 t-Salanes wager 530,000 550,000 319000 40,000 Depreciation 499,000 850,000 Reparos & maintenance 210,000 310,000 leuition for derestiul diet 152,000 165,000 - obor con call allowed) 710,000 950,000 2 $30,000 3,775,000 let progit (los) (337,000) 62, 130, 800) add and are relevant . a) Gric Qualifying apital experloture fixed assets are listed as An- Natur y ependiture Amount (ad) Date Motor vehicle (cars) (buses) July 250,000 November soos 14,000 September Office equipment 94,00 Buildings Feruary, 2006 forcov sold July for $55,000 in b Schedules to loans 114/2005 that period Heaves Repayment period Amount fars 50,000 45,000 q aqueletten 115,000 2005 Furniture & fitting . 200,000 Two motor cars purchased for 45,000 March 2006 interent 2007 were on agric Grace period 5 - 10 fears 2-5 yeard 122 Decb Repayment perod Grace period Amount of interest half gaur (6 months) 46,000 1/12/2005 - 31/u/2006 Repayment penol 1/2 years 5-10 years 2.5 years 141,000 Grace paid Amount of 20000 120,000 6months 2.000 242,000 1-2 years Capital allowance Mon-indurrical building rates: Motor Vehicle 25% Furniture & fiting Office Equipment Grbal ish 202 52 lol 20% 106 ol Anual -62 are 3 required compute the total clasilities of the bank your q assediment Copen prodefon of section 24 of dealing past payer's right to select the asfellment for and 8 and year by assessment teada UTA 1979 al eerder with the on actual perode