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Calculate the Taxable profits: Equip Agencies Ltd. purchased an equipment for Sh.4,000,000 on 1 July 2008. Depreciation on equipment is provided on a straight line basis at the rate...

Equip Agencies Ltd. purchased an equipment for Sh.4,000,000 on 1 July 2008. Depreciation on equipment is provided on a straight line basis at the rate of 25% per annum.
During the four years from 1 July 2008 to 30 June 2012 the profit after tax and allowed
wear and tear charges for tax purpose were as follows:
tab1822019930.png

Calculate the Taxable profits

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Wilfred
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Wilfykil answered the question on February 8, 2019 at 05:34

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