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Ngwenya ( Pty ) Ltd advertises its products on television. It pays a premium once a year. On 1 July 2 0 2 3 it

Ngwenya (Pty) Ltd advertises its products on television. It pays a premium once a year. On 1 July 2023 it paid R820000 for advertisements that will be aired until 30 June 2024. How much is deductible by Ngwenya (Pty) Ltd in determining it's taxable income for the year of assessment ended February 2024.
a.
R100000
b.
R820000
c.
R nil
d.
R546667

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