1. Plant was purchased on 2 January 2020 for R 100000 . The depreciation rate 10%, we 2. Equipment was purchased on 30 June 2019 for R80 000 . The depreciation rate 20%, 3. Land was Purchased for R200 000 on 1 January 2018. 4. The trade receivable balance as at 31 December 2021 was R35 000 . 5. Interest receivable as at 31 December 2022 is R10 000 6. Dividends receivable balance from wholly owned subsidiary at 31 December 2022 for R 7. R400 000 is being claimed for residual damages from products sold. It seems likely tha to pay for damages. The damages will be tax deductible. - Applicable tax rate for deferred tax purposes should he 28%. - Land is NOT depreciated and allowed by SARS to have any allowances. - Dividends are not taxable REQUIRED: Calculate deferred tax for the year ended 31 December 2021 and 2022 1. Plant was purchased on 2 January 2020 for R 100000 . The depreciation rate 10%, we 2. Equipment was purchased on 30 June 2019 for R80 000 . The depreciation rate 20%, 3. Land was Purchased for R200 000 on 1 January 2018. 4. The trade receivable balance as at 31 December 2021 was R35 000 . 5. Interest receivable as at 31 December 2022 is R10 000 6. Dividends receivable balance from wholly owned subsidiary at 31 December 2022 for R 7. R400 000 is being claimed for residual damages from products sold. It seems likely tha to pay for damages. The damages will be tax deductible. - Applicable tax rate for deferred tax purposes should he 28%. - Land is NOT depreciated and allowed by SARS to have any allowances. - Dividends are not taxable REQUIRED: Calculate deferred tax for the year ended 31 December 2021 and 2022