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Orange Vaal Limited carries on business as a cartage contractor. On 3 0 November 2 0 2 2 one of its delivery vans was written

Orange Vaal Limited carries on business as a cartage contractor. On 30 November 2022 one of its delivery vans was written off in an accident when delivering goods for a client. The delivery vans original cost was R150000. Its book and tax value on 30 November 2022 was R60000. It was sold to a scrapmetal dealer for R5000.
On 1 January 2023 Orange Vaal Limiteds insurer then awarded it R45000 in full and final settlement for the writtenoff delivery van.
Orange Vaal Limiteds financial year ends on the last day of February.
Its legal expenses on defending its driver were R8000(R3000 in its 2023 financial year and R5000 in its 2024 financial year).
Required: Determine what tax deductions and allowances Orange Vaal Limited is entitled to for the above loss and expenditure, and state when can they be claimed

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