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Q2. J & K Agro processing company Ltd. Commenced business at Nsawam in the Easter Region on 19 January 2014. The company processes all kinds
Q2. J & K Agro processing company Ltd. Commenced business at Nsawam in the Easter Region on 19 January 2014. The company processes all kinds of fruits into drinks for majorit being export and about 20% for local markets. The company got incorporated on 3''Novemb 2013. It acquired the following assets for use in the business: i. Factory building was completed on 2nd November 2013at a cost of GHl Millio Plants and machinery was installed on 3rd January 2014 at a cost of GH350,000 Computers and other office equipment were also acquired at a cost of GH150,000 The company declared the following results: Year Income GH Yle 31/12/2014 Yle 31/12/2015 (45,000.00) 150,000.00 Required: Compute the company's tax liabilities for all relevant years
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