QUESTOONZ-COMPSNYTAXATIDN C55 Earis! The four biond ilmited ihereater the Cemgany is a piade, wregstated cempuny cantruction at snalibulltings. it acts through a large contaactor eith respect to these wervites. Harry Lare, the accountant, warked out the cocporste income subject to ter but in tis takte to mest the drectars tight deadine, ented op nailng a aum ber af amper bect of taught tazation ty the simple but inowledgeable, Franco P0. Farry bel evestat ha has are requined for finl marisi) tha notos belowl| is 515,000,000 1. Caplat aliowances and chargos wece computed as folitwh: Antual alioeavet 57,000,050, Balaring 4ll owarcos, 5900,000, asd Balanciry, Charges, 5500,000 These amaurts do not include any allswances en assets acquired in the year urlets sp thated. 2. The Companyis derelpping a procesi ahich it hapes tapatent la a few yeari. It aac te less aratise. 1. The Company's drecters decigred a dividerd ol So.10 per ordhary seare in Narah amout of this dividend wes inciusiod it Misceianeous expeneas. The Campany hars Abosisos fully paed thares. 4. Tan dciducted Irom Interett thcame arteurted ta $375,000. carrent year of asmessment. 6. The Cempanynadelatt and ecuipnent which if puichaied 404 yeats as at a cont at asset was yold ster four yoars, thet is. in the currets yas of assessment for accosnting pertpective the rarret topeciation thatge and relevant rapital allawances have diresty been nciaded. the certificate of tax sulferes in the 310,000,000. 2. Depreciation aclutes 105b,000 being the cest of plant and teuigment acqured in the year ard usedfor the narofacture of gondt. This ameunt was aireaty adsed buck carrecty to the profit. 9. It wad deuded that the aethetic azped of the actiunting thice would te echetcet raterial tir the rest of the oftire buiding and with a sinilar expicted unaful life tar taz purpobes. The partitions cest 5605000 and thic amaunt was intuded in Ceneral taperies 10. Capital. Alowancerates are as per the provided tabie below. Wane st the tiems. abeuifed in the yes ald have their captal allowences induded in tie smouns praviced at rote 1 above in alt catec, deprerigtion an theve atrets se acquires in th be ignores. filgulrest (a) Prepare the Adjunted Locbuntiog Protit and Lon statement for 1/A 2akp marks. markse (d) Propare the cosital aliraesces schedule for the assets acquced int te year ended Decenber 511 20a2, using a tabular iomet. APDFNDK fot Compky Taxation. Sisstion NE. Annual Atiowance ove to be calculsted on the straight line basis: \begin{tabular}{|l|l|l|} \hline & init Rinewance \\ \hline Reseateh 3 Deveispment: & nits \\ \hline \end{tabular} QUESTOONZ-COMPSNYTAXATIDN C55 Earis! The four biond ilmited ihereater the Cemgany is a piade, wregstated cempuny cantruction at snalibulltings. it acts through a large contaactor eith respect to these wervites. Harry Lare, the accountant, warked out the cocporste income subject to ter but in tis takte to mest the drectars tight deadine, ented op nailng a aum ber af amper bect of taught tazation ty the simple but inowledgeable, Franco P0. Farry bel evestat ha has are requined for finl marisi) tha notos belowl| is 515,000,000 1. Caplat aliowances and chargos wece computed as folitwh: Antual alioeavet 57,000,050, Balaring 4ll owarcos, 5900,000, asd Balanciry, Charges, 5500,000 These amaurts do not include any allswances en assets acquired in the year urlets sp thated. 2. The Companyis derelpping a procesi ahich it hapes tapatent la a few yeari. It aac te less aratise. 1. The Company's drecters decigred a dividerd ol So.10 per ordhary seare in Narah amout of this dividend wes inciusiod it Misceianeous expeneas. The Campany hars Abosisos fully paed thares. 4. Tan dciducted Irom Interett thcame arteurted ta $375,000. carrent year of asmessment. 6. The Cempanynadelatt and ecuipnent which if puichaied 404 yeats as at a cont at asset was yold ster four yoars, thet is. in the currets yas of assessment for accosnting pertpective the rarret topeciation thatge and relevant rapital allawances have diresty been nciaded. the certificate of tax sulferes in the 310,000,000. 2. Depreciation aclutes 105b,000 being the cest of plant and teuigment acqured in the year ard usedfor the narofacture of gondt. This ameunt was aireaty adsed buck carrecty to the profit. 9. It wad deuded that the aethetic azped of the actiunting thice would te echetcet raterial tir the rest of the oftire buiding and with a sinilar expicted unaful life tar taz purpobes. The partitions cest 5605000 and thic amaunt was intuded in Ceneral taperies 10. Capital. Alowancerates are as per the provided tabie below. Wane st the tiems. abeuifed in the yes ald have their captal allowences induded in tie smouns praviced at rote 1 above in alt catec, deprerigtion an theve atrets se acquires in th be ignores. filgulrest (a) Prepare the Adjunted Locbuntiog Protit and Lon statement for 1/A 2akp marks. markse (d) Propare the cosital aliraesces schedule for the assets acquced int te year ended Decenber 511 20a2, using a tabular iomet. APDFNDK fot Compky Taxation. Sisstion NE. Annual Atiowance ove to be calculsted on the straight line basis: \begin{tabular}{|l|l|l|} \hline & init Rinewance \\ \hline Reseateh 3 Deveispment: & nits \\ \hline \end{tabular}