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A fire occured at Ngwenya (Pty) Ltd's warehouse on 15 September 2021, trading stock with a value of R580 000 was destroyed. On 20 January

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A fire occured at Ngwenya (Pty) Ltd's warehouse on 15 September 2021, trading stock with a value of R580 000 was destroyed. On 20 January 2022, the insurance company awarded the company R310 000 for the loss of this trading stock. How much can Ngwenya (Pty) Ltd deduct for tax purposes relating to the insured stock for the 2022 year of assessment. O a. R580 000 O b. R270 000 O c. Rnil O d. R310 000 Time left 2:41:59 Question 7 Not yet answered Marked out of 1.00 P Flag

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