Question
On 31 October 2021, Ubuntu (Pty) Ltd acquired and brought into use a new (unused) manufacturing machine for R670 000. On 1 December 2022, the
On 31 October 2021, Ubuntu (Pty) Ltd acquired and brought into use a new (unused) manufacturing machine for R670 000. On 1 December 2022, the company incurred moving costs of R60 000 to get the machine moved from its Johannesburg branch to its Durban branch.
Calculate the total capital allowance to be claimed by Ubuntu (Pty) Ltd on the machine for the 2023 year of assessment ending 28 February.
Assume Ubuntu (Pty) Ltd is not a Small Business Corporation, as defined in the Act.
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Microfinance And Its Impact On Entrepreneurial Development Sustainability And Inclusive Growth
Authors: Ramesh Chandra Das
1st Edition
1522552138, 1522552146, 9781522552130, 9781522552147
