Gemel Case Study Forecast financial information for Gemel Ltd for the years 2008 and 2009 Turnover Cost of sales Expenses Non-operating income Interest Tax Dividends 2008 ($000) 2009 ($000) 485 870 245 450 91 138 11 13 20 55 35 60 60 75 a. Prepare profit and loss accounts for the two years. b. Adjust the figures to recalculate a tax payment of 25% of net profit before tax. Satine Enterprises Case Study Satine Enterprise Ltd. Recently bought a new company car for $25,000. The firm expects to replace it in 5 years' time. The current market resale value of the car in five years' time is $2900. The company uses an annual 35% depreciation rate. a. Use the reducing balance method of depreciation to calculate the book value of Satine Enterprise Ltd.'s new company car after the first two years. b. Calculate how much the car would have depreciated in the same time period if Satine Enterprise Ltd. Had used the straight line method of depreciation. c. Explain which method of depreciation would reduce the net book value of the car the most by the end of the third year