Question NSEM BIG Limited, incorporated in June, 2005 to manufacture plasticware commenced business in February, 2006. Accounts are made up to 31st March each year. The following depreciable assets were acquired and put to use in the business 1. Factory Building 2. 3. 4. 5. 6. 7. Asset Plant & machinery Nissan Pickup (CK 4090 Y) Distribution Van (VV 623 D) Equipment Furniture & Fittings Benz saloon (GT 413 D) Date of Purchase October, 2005 September, 2005 December, 2005 April, 2006 November, 2005 February, 2006 July, 2007 Profits declared were as follows: Period to 31-3-2007 Year to 31-3-2008 Cost (GHS) 60,000 30,000 21,000 20,000 2,400 3,000 28,000 GHS42,000 GHS60,000 Required: Determine the company's chargeable income for all relevant years 20 MARKS