Question
20. Tommy enjoys the right to use a motor vehicle that was acquired by his employer on 1 March 2019. The retail market value was
20. Tommy enjoys the right to use a motor vehicle that was acquired by his employer on 1 March 2019. The retail market value was R114 000. It comes with no maintenance plan. Calculate the cash equivalent of the value of the taxable benefit if Tommy retains the right of use of the motor vehicle. (3) A. R44 460 per year B. R47 880 per year C. R35 489 per year
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Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
11th edition
78025400, 978-0078025402
