Question 2 High-Fleet Ltd has been in business for some time. Due to financial problems they permanently ceased operations on September 1, 2018. The adjusted profits for income tax purposes were as follows: N'000 Year to 31st March 2014 480.000 Year to 31st March 2015 600,000 Year to 31st March 2016 102.000 Year to 31st March 2017 78.000 Period to 1st September 2018 90.000 Required: a) Compute the company's assessable profits for all relevant years of assessment taking into account cessation rules. b) Briefly explain the types of basis periods. [10 marks)