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pleaee work out on small business tax for south africa On 1 February 2021, Ubuntu (Pty) Ltd acquired a new non-manufacturing machine for R960 000.
pleaee work out on small business tax for south africa
On 1 February 2021, Ubuntu (Pty) Ltd acquired a new non-manufacturing machine for R960 000. The machine was brought into use immediately. On 1 October 2021 the machine was sold for R810 000 cash. Calculate any recoupment for Ubuntu (Pty) Ltd on this machine for the 2022 year of assessment ending 28 February. Assume Ubuntu (Pty) Ltd is a Small Business Corporation, as defined in the Act. In terms of Binding General Ruling No. 7, an acceptable write-off period for this asset would be three (3) years O a. R490 000 O b. R330 000 OCR618 000 O d. R63 333 Time left Question 18 Not yet answ Marked out w Flag quest Next pa Step by Step Solution
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