For the situations listed below, you are required to indicate if the receipt/accrual is capital or revenue in nature and give a reason for your answer, taking into account only the information provided.

Sinalo was involved in an accident at work and the companys insurance paid out an amount in compensation.

Amanda is a newly qualified lawyer and she works for a law firm as Case Specialist. She enters game show that test knowledge of law and she wins R90 000.

Mr Wiseman is a horse breeder and enters the horses into races. One of his horses win at the Durban July and he receives a substantial amount of cash for this.

Anela purchased a vehicle. She used it for one week and then realized that it wasnt meeting the needs for which she had originally acquired it. She sells it after one week.

Excellent have won R100 000 in the South African Lottery

A fire breaks out at the premises of BVW Panel Beating and destroys the warehouse. BVW Panel Beatings insurance company pays out R500 000 to repair the warehouse.

Mr Andrews purchased 10 Kruger Rands 15 years ago as he realized that the price of gold is constantly increasing and he wanted to make profit in the long time. He sells the Kruger Rands in the current year as he is retiring and had to purchase a unit in a retirement village