Tramont dec 2011

Hi sir any update? Thanks

Sorry - I must have accidentally missed your question last night :-( I assume that you are happy with the 60,664 (profit after depreciation). There was a loss of 22,201 in year 1, which will have been carried forward. 7 of it was used in year 2 to reduce that years taxable profit to 0. That leaves 22,201 - 7 = 22,194 loss carried forward to year 3. So the taxable profit in year 3 = 60,664 - 22,194 = 38,470

It's ok...thanks sir for the detailed explaination