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Details Ltd. manufactures detailing products for car cleaning. The company wants to buy a new machine to manufacture micro-fiber cloths. The machine costs R10 million
Details Ltd. manufactures detailing products for car cleaning. The company wants to buy a new machine to manufacture micro-fiber cloths. The machine costs R10 million and it will cost R2 million to install. The machine will be depreciated over a period of 4 years according to the straight-line method at a tax rate of 27%. What will the depreciation per year be?
a.R675 000
b.R810 000
c.R2 500 000
d.R3 000 000
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