[20] ThinkiCan Limited is a listed company on the JSE Securities Exchange's AltX Listing. The financial results for the year ended 31 December 2021 are: - Profit before taxation for the year is R300 000. - Cost of equipment purchased on 01 January 2019 is R180 000. - Depreciation is provided for 5 years - straight line method. - Wear and tear is provided for 4 years - straight line method. - Equipment was sold on 01 January 2021 for R120 000. - Income received in advance as at 31 December 2021 was R5000 (2020 year end balances R10000 ). - Reflections made the following donations: The Charitable Trust (deductible) R10000 Donation to homeless child on personal capacity (non deductible) R5 000 - Traffic fines amounted to R2 000. The inclusion rate for capital gains made by companies is 33.3%. The applicable tax rate is 30% on taxable profits. There were no other temporary differences in the year [20] ThinkiCan Limited is a listed company on the JSE Securities Exchange's AltX Listing. The financial results for the year ended 31 December 2021 are: - Profit before taxation for the year is R300 000. - Cost of equipment purchased on 01 January 2019 is R180 000. - Depreciation is provided for 5 years - straight line method. - Wear and tear is provided for 4 years - straight line method. - Equipment was sold on 01 January 2021 for R120 000. - Income received in advance as at 31 December 2021 was R5000 (2020 year end balances R10000 ). - Reflections made the following donations: The Charitable Trust (deductible) R10000 Donation to homeless child on personal capacity (non deductible) R5 000 - Traffic fines amounted to R2 000. The inclusion rate for capital gains made by companies is 33.3%. The applicable tax rate is 30% on taxable profits. There were no other temporary differences in the year