Question: QUESTION 1: [15 MARKS] Text Craft Ltd is analysing a proposed project with the following income and costs characteristics. The depreciation expense amounts to R10

QUESTION 1: [15 MARKS] Text Craft Ltd is analysing a proposed project with the following income and costs characteristics. The depreciation expense amounts to R10 000. There will be no salvage value. The tax rate is 28%. 1.1 Complete the following pro forma statement of profit/loss (income statement) for Text Craft Ltd. [7]

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