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A manufacturer acquired a machine 3 years ago for R100 000 that qualified for a capital (machinery) allowance of 20% per annum. He sells the
A manufacturer acquired a machine 3 years ago for R100 000 that qualified for a capital (machinery) allowance of 20% per annum. He sells the machine for R75 000. What would be the recoupment on the sale of the machine?
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Solution The recoupment on the sale of the machine can be calculated by taking into account the ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
