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Assume the following taxpayer information: The taxpayer is a South African manufacturing company (not a small business corporation as defined) with a 31 March 2022
Assume the following taxpayer information: The taxpayer is a South African manufacturing company (not a small business corporation as defined) with a 31 March 2022 year of assessment. Calculate the adjusted proceeds for the disposal of the machine BELOW. Information pertaining to manufacturing machine: Events Date Amount Sold 30 November 2021 R Puchased 1 June 2019 R Tax value at date of sale R a. R640 000 O b. R230 000 OcR870 000 O d. R1 100 000 1 100 000 870 000 870 000 Question 12 Not yet answered Marked out of 3.00 Flag question 8 9 15 16 22 23 29 30 36 37 Finish atter 200 M
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