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 Asset Date of Purchase Cost (GHS) 1. Factory Building October, 2005 60,000 2. Plant & machinery September, 2005 30,000 Nissan Pickup (CK 4090 Y) December, 2005 21,000 4. Distribution Van (VV 623 D) April, 2006 20,000 5. Equipment November, 2005 2,400 6. Furniture & Fittings February, 2006 3,000 7. Benz saloon (GT 413 D) July, 2007 28,000 Profits declared were as follows: Period to 31-3-2007 Year to 31-3-2008 GHS42,000 GHS60,000 Required: Determine the company's chargeable income for all relevant years 20 MARKS 3