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Question 10 Marked out of 1 Celeste has her own business at home and, due to all the load-shedding and cable theft recently, she decided
Question 10 Marked out of 1 Celeste has her own business at home and, due to all the load-shedding and cable theft recently, she decided to purchase a generator for R15 000 so that she can continue to make craft items when the electricity goes off. Without the generator she would not be earning any income on the days that she does not have any power. YOU ARE REQUIRED to identify the incorrect statement regarding the purchase of the generator and its deductibility. a. The expense is deductible in terms of the general deduction formula. b. The generator will create an enduring benefit. c. The expenditure is capital in nature. d. The expense of purchasing the generator is part of the capital structure of the business
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