Question:
Prepare for 4 years the following projected statements of the company
1	Fixed asset valuation for depreciation purposes
2	SLM depreciation as per company law
3	Depreciation as per income tax act (WDV)
4	Provision for income tax
5	Dividend for income tax
6	Dividend (inclusive of dividend tax)
7	Projected profitability estimates

Please refer to the details below:

The cost of project of Rita Jewelers Ltd. Is firmed up at Rs. 1500 Lakh as follows
		INR In Lakh
A	Capital Cost
	Land & Site Development	125
	Building	175
	Plant & Machinery	820
	Mis. Fixed Assets	60
	Preliminary Expenses	20
	Pre-operative expenses	110
	Contigency Margin	90	1400
B	Margin Money for Working Capital		100
	Total Cost		1500
The proposed means of finance for the project re firmed up as follows
		INR In Lakh
	Equity Share Capital
A	Promoters	450
B	Others	150	600
	Term loan		900
	Total		1500
Further Information as below:
1	Projected sales and profit:
		INR In Lakh
	Years	1	2	3	4
	Sales Realization	2000	2400	2700	2700
	Profit before non-cash charges	201.5	275.4	351.45	380.75
2	The depreciation rates under the SLM for company law purposes are as follows:
	Building	3.34%
	Plants & Machinery	4.75%
	Misc. Fixed Assets	4.75%
3	The depreciation rates under the WDV method are as follows
	Building	10.00%
	Plant & Machinery	15.00%
	Misc. Fixed Assets	15.00%
4	Preliminary expenses have to be written off equally over 5 years
	Income tax provision is to be made @ 30% ignore surcharge and MAT
	Dividend is to be paid @ 15% in the 1st year and 2nd year and 17% therafter
	Dividend tax applicable 20%