bUSINESS LAW EXPERT NEEDED TO SOLVE THIS

Rendell Forensics Limited provides forensic science and laboratory analysis services. Rendell's accounting period runs from 1 April - 31 March and a summary of its profit and loss figures for the year ending 31 March 2022 shows the following:- Gross receipts 4,500,000 Salaries 2,100,000 Utilities 160,000 Other operating expenses 110,000 Pool of equipment 1,735,000 (written down value at start of accounting period) In January 2022, Rendell sold a laboratory for 780,000. Disposal costs totalled 35,000. The company purchased the laboratory for 565,000 in February 2015. Its costs of purchase were 52,000, and two years later, in October 2017 the company carried out extensive work to enhance the laboratory at a cost of 98,000. Calculate and explain Rendell's corporation tax liability for the accounting period ending 31 March 2022 and explain the principles you have applied. Note to candidates: Rendell Forensics Limited provides forensic science and laboratory analysis services. Rendell's accounting period runs from 1 April - 31 March and a summary of its profit and loss figures for the year ending 31 March 2022 shows the following:- Gross receipts 4,500,000 Salaries 2,100,000 Utilities 160,000 Other operating expenses 110,000 Pool of equipment 1,735,000 (written down value at start of accounting period) In January 2022, Rendell sold a laboratory for 780,000. Disposal costs totalled 35,000. The company purchased the laboratory for 565,000 in February 2015. Its costs of purchase were 52,000, and two years later, in October 2017 the company carried out extensive work to enhance the laboratory at a cost of 98,000. Calculate and explain Rendell's corporation tax liability for the accounting period ending 31 March 2022 and explain the principles you have applied. Note to candidates