122 Auy Man and Bim Men

Tax Adjusted trading profits computation for the year end 2017/18
$ $
Net Profit 87780
depreciation 3400
other expenses 0
salary to BIM 4000
Capital Allowances (W1) -12938 -5538
82242

Trading Income assessment for the tax year ended 2017/18

$ $
Tax Adjusted Trading profit 82242
Salary to Bim -4000
Interest on Capital
Auy Man 2800
Bim Men 1700 -4500
73742
Profit Share
Auy Man 58994
Bim Men 14748 73742

Trading Income assessment

Auy Man 61794
Bim Men 20448
 (W1)
capital allowances
$ mainPool Motor Car Special Rate Pool
TWDV 3100
Additions without AIA
Motor Car 1 18000
Motor Car 3 14200
Motor Car 4 8700
Additions with FYA
Motor Car 2 11600
FYA 70% 8120
17300 18000 8700
WDA 18% 3114 0 0
WDA 8% 0 1008 0
WDA 8% 0 0 696

14186 16992 8004

Capital Allowances

8120

3114
1008
696

12938