MUMUADU LTD is a company which commenced business on 12th May, 2011 preparing accounts to 31st December each year. In 2011 year of assessment, he acquired the following assets for use in the business. i. On 31/08/11 they bought a motor van amounting to GHS61,000 ii. On 1/9/11 they also purchased a mini bus to transport their staffs to work every morning costing GHS83,000. iii. On 1/9/11 they also purchased plant and machinery costing GHS78,000 iv. The company purchased a software that can help encrypt their information system costing GHS30,000 on 1/10/11 v. They purchased computes valued at GHS20,000 on 8/10/11 vi. They spent GHS30, 000 to acquire Furniture and Fittings for his office. vii. On 30/7/12, they disposed off the motor van purchased on 31/08/11 for GHS14,000 viii. In 2013 year of assessment, he replaced the motor van bought on 31/08/06 at a cost of GHS10,000 ix. They sold some of their furniture on 12/08/13 for GHS8, 000 x. New computer and accessories were purchased within 2013 year of assessment for GHS30,000