Due to the expansion of the business, the company purchased four computers during October $2023$ for immediate use

by the finance department. The taxpayer elects the $50$:$30$:$20$ write$-$off that pertains to other assets in terms of section

$12$E$.$

$10.$ On $1$ February $2023,$ Majuba $($Pty$)$ Ltd acquired a new manufacturing machine from the United States which was

brought into use on $3$ May $2023.$ The cost of the machine was US$$45000.$ The company settled the purchase price in

full on $1$ June $2023.$ No other costs were incurred on the machine and no forward exchange contract was entered into.

The spot rates are as follows:

$1$ February $2023$ $$1=$ R$17\mathrm{.}00$

$28$ February $2023$ $$1=$ R$17\mathrm{.}50$

$3$ May $2023$ $$1=$ R$17\mathrm{.}80$

$1$ June $2023$ $$1=$ R$18\mathrm{.}00$

Required:

Calculate in detail Majuba $($Pty$)$ Ltd$.$s tax liability for the year ended $29$ February $2024.$

Show all workings and full explanations where applicable.