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Icebear Rockets ltd is a startup company. For their first year, the year 2019, they are selling a ice lollies at beach of Saint-Tropez.
Icebear Rockets LTD is buying the ice lollies from a local supplier at 10 BEF for 1 lolly (BEF=local currency) At the beginning of the year 2019 ice bear Rockets LTD had 182 ice lollies in stock, and during the year 2019 they bought 1.928 and they sold 1.958 lollies at a sales price of 24 BEF.
Icebear Rockets Ltd is renting a storage room close to the beach for an amount of 10000 BEF a year. There is 1 employee working on the beach selling the lollies, and the salary for 1 year is 8000 BEF.
Icebear Rockets ltd only has 1 investment in equipment. They invested in a big refrigerator. The purchase price of the refrigerator was 23000 EUR and this equipment is amortized at 3 years. Corporate taxation is 17%
Problem 1: Calculate the profit for the year after taxation for the year 2019 (in BEF)
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