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Show the treatment of losses for tax purposes and explain treatment of losses? A Company produced the following results: Year Profit/(Loss) Amount 2000 Loss 140

Show the treatment of losses for tax purposes and explain treatment of losses?

A Company produced the following results: Year Profit/(Loss) Amount 2000 Loss 140 000 2001 Loss 120 000 2002 Loss 80 000 2003 Profit 240 000 2004 Profit 220 000 Draw up a table to show the treatment of losses for tax purposes.  Question 2 Another company produced the following results: Year Profit/(Loss) Amount 2000 Loss 125 000 2001 Profit 90 000 2002 Loss 100 000 2003 Profit 80 000 The business also earned income of K25 000 in each of these years. 

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