Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Phumla Ndou works as a night nurse in a hospital where she earns a monthly salary. On her days off she designs and make

image text in transcribed

Phumla Ndou works as a night nurse in a hospital where she earns a monthly salary. On her days off she designs and make evening gowns to earn an extra living. She also invested the money she made out of her dress-making business and are earning dividends. She incurred the following expenses: Purchase material to use in her dress-making business, Purchase material to make herself a new dress, Purchase a computer to use in her business to take orders from clients, and Purchase a new sewing machine. YOU ARE REQUIRED to choose the incorrect answer. Question 18 Not yet answered Marked out of 1 Flag question Select one: a. The material purchase to use in her business will be deductible in terms of the general deduction formula. O b. The new sewing machine will not be deductible in terms of the general deduction formula. Oc. The material purchase to make herself a new dress will not be deductible in terms of the general deduction formula. O d. The computer purchase for her business will be deductible in terms of the general deduction formula.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

More Books

Students also viewed these Accounting questions

Question

What is follow-the-leader pricing? Why is it risky?

Answered: 1 week ago