Question
On 1/1/2016, Al-Wafa Foodstuff Industry Company purchased machines worth 100,000 dinars to be used in the canning operations of agricultural products. The machines were sold
On 1/1/2016, Al-Wafa Foodstuff Industry Company purchased machines worth 100,000 dinars to be used in the canning operations of agricultural products. The machines were sold on 31/12/2019 at a value of 40 thousand dinars, where the total depreciation amounted to 70,000 dinars at the end of 2019 . The company also sold lands on December 31, 2019 at a value of 90,000 dinars, which it had purchased on 8/15/2017, at a value of 75,000 dinars. The company's operating profits resulting from its normal activities amounted to 50,000 dinars in 2019. Based on the previous data, the income tax due on the capital gains of Al-Wafa Company in 2019 amounts to
(2 points)
_11250 dinars
_1500 dinars
_9000 dinars
_There is no tax because the activity of the company is an agricultural activity
_None of the above
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