Kumalo Manufacturing $($Pty$)$ Ltd $($KM$)$ had one transaction relating to the disposal of a capital

asset during the $2024$ year of assessment ending on $31$ March $2024.$ KM has an assessed capital

loss of R$15000,$ which was brought forward from the previous year of assessment.

KM bought a new and unused manufacturing machine $($ZP$)$ on $1$ June $2022$ for R$550000($excluding VAT$)$ and brought it into use on the same date. On $1$ July $2023,$ KM made improvements to

machine ZP at a total cost of R$250000.$ KM had to make this improvement to accelerate the daily

output of machine ZP$.$ Unfortunately, the improvements did not yield the required results, and KM

decided to sell machine ZP on $15$ March $2024$ for an amount of R$948750($including VAT$).$

Calculate the taxable capital gain resulting from the disposal of machine ZP for

Kumalo Manufacturing $($Pty$)$ Ltd for the year of assessment ending on

$31$ March $2024.$