Maendeleo Ltd. is a manufacturing company operating through a number of branches in Kenya. The following information relates to Maendeleo Ltd.s operations for the year ending 31 December 2020. Sh

Maendeleo Ltd. is a manufacturing company operating through a number of branches in Kenya. The following information relates to Maendeleo Ltd.s operations for the year ending 31 December 2020.Sh 000Sh 000Turnover19,480Cost of goods sold5,620Gross profit13,860Foreign exchange gain148Insurance recovery for stolen motor vehicle968Proceeds from sale of factory extension46940,545Less ExpensesDirectors emoluments and staff costs16,890Pension contribution for staff4,200Staff recruitment cost1,148Purchase of furniture420Penalties on overdue VAT164Impairment loss of factory extension150Mortgage interest364Goodwill written off162Loan interest1,286Depreciation908General office expenses1,34827,04013,505Additional informationDetails of property, plants and equipment schedule reflected the following details for the assets that existed before the year ending 31st December 2020:AssetsWritten Down Value 1 Jan 2020Additions at Cost (2020)Depreciation (2020)Disposal Proceeds (2020)sh.sh.sh.sh.Computers525,000345,400131,520250,000Water pump-280,00056,000-Furniture360,000140,00082,000-Conveyor belts-960,000–Delivery vans2,500,000142,000180,000620,000Cash registers620,000-58,000-Printers120,00060,00042,000-Tractors2,500,0001,800,000360,000-Motorcycles380,000-68,000-Packaging machine-860,000–Non-processing machinery960,000-62,000-A perimeter wall was constructed at cost of sh.960,000 during the year ending 31st December 2020 used from 1st March 2020A go down and drainage system were constructed at cost sh.2,860,000 and sh.1,780,000 respectively put into use on 1st April 2020.The company constructed a borehole at cost of sh.1,500,000 during the year which was put in use on 1st July 2020RequiredCapital allowance due to Maendeleo ltd for the year ending 31st December 2020Determine the adjustable taxable income for the year 2020

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more