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8. From the following particulars of Thompson Limited, you are required to calculate the managerial remuneration in the following situation. (i)There is only one whole time director. $ (ii) There are two whole time directors. (iii) There are two whole time directors, apart time director and Manager. 8,70,410 Net profit before provision for income tax and managerial Depreciation provided in the books 3,10,000 Provision for repairs of machinery during the year 25,000 Depreciation allowable under Schedule XIV 2,60,000 Actual expenditure incurred on repairs during the year 15,000