Question $1($Capital Allowances $($Wear and Tear$)(25$ marks$)$

Question $(1$a$)$

Tyler Govender $($Pty$)$ Ltd a company based in Durban $($a registered VAT vendor$)$ is a manufacturer of various assortment of luxury perfumes. Its year of assessment ends on $28$ February $2023$ and the company is not a small business corporation as defined in the Income Tax Act. The following manufacturing equipment was acquired:

Machine Z $($new$)$ at a total cost of R$1280000($excluding VAT$)$ on$1$ August $2022$ and brought into use on $1$ September $2022.$ A foundation costing R$100000($excluding VAT$)$ had to be built to mount Machine Z Machine P $($used$)$ at a total cost of R$900000$ on $1$ July $2021$ and brought into use on $1$ October $2021.$

Required

Calculate the section $12$C allowances for the $2023$ year of assessment for Tyler Govender $($Pty$)$ Ltd

Question $(1$b$)$

Farah $($Pty$)$ Ltd purchased a delivery vehicle at a total cost of R$1150000($including VAT$)$ on $1$ May $2022$ and brought it into use on $1$ June $2022.$ Farah $($Pty$)$ Ltd is a registered VAT vendor and its year of assessment ends on $28$ February $2023.$ The company is not a small business corporation as defined in the Income Tax Act. Binding General Ruling no$.7$ allows for a four year write off for delivery vehicles. VAT rate applicable is $15\%.$

Required

Calculate the section $11($e$)$ allowance for the $2023$ year of assessment for Farah $($Pty$)$ Ltd

Question $1($c$)$

Ofentse $($Pty$)$ Ltd $($a registered VAT vendor$)$ is a manufacturer of wooden window frames. Its year of assessment ends on $28$ February $2018.$ Ofentse $($Pty$)$ Ltd purchased a second. hand manufacturing machine on $1$ April $2015$ for R$480000($excluding VAT$)$ and brought it into use on the same day. The machine was sold on $1$ February $2018$ for R$168000($excluding VAT$).$

Required

Calculate all the relevant allowances$(12$C and S$11(0)$ for the $2018$ year of assessment for Ofentse $($Pty$)$ Ltd

$[5]$