On 1 February 2019, Ubuntu (Pty) Ltd acquired a new non-manufacturing asset for R280 000. The asset was brought into use immediately. On 30 April 2021 the asset was sold for R50 000 cash. Calculate any recoupment or scrapping allowance for Ubuntu (Pty) Ltd on this machine for the 2022 year of assessment ending 28 February. Assume Ubuntu (Pty) Ltd is not a Small Business Corporation, as defined in the Act. In terms of Binding General Ruling No. 7, an acceptable write att period for this asset would be three (3) years O a. R20 000 recoupment O b. RS0 000 recoupment O CR(20 000) scrapping allowance O d. R(113 333) scrapping allowance Time left 2:32:011 Question 19 Not yet answered Marked out of 1,00 Pag question Next page