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Maroon Tiles manufacturing Co . has produced the following information for the year ended 3 1 March 2 0 2 4 . The company adjusted

Maroon Tiles manufacturing Co. has produced the following information for the year ended 31 March 2024. The company adjusted net profit before capital allowance have been calculated is P813,000.
Non-Current Assets Details
Cost B/F (P) Capital Allowance
B/F (P)
Heavy duty plant and Machinery 620,000260,000
Other plant and Machinery 150,000153,000
Commercial Vehicles 480,000120,000
Factory Building 510,000153,000
Additional purchased during the year P
Heavy duty 280,000
New Factory Building 320,000
Commercial Vehicle 175,000
Commercial Vehicle sold for P250,000 which was bought in February 2023 costing P300,000.
Required to calculate.
a. Capital allowances for the year ended 31 March 2024 and clearly show the tax written down value carry forwarded, for Maroon Tile manufacturing Co.(12 marks)
b. Balancing allowance /charges on disposed asset for Maroon Tile Manufacturing Co.(5 marks)
c. Taxable income and tax liability for the year ended 31 March 2024 for Maroon Tile Manufacturing Co.(3 marks)

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