Question 2 NB Please ignore the VAT implications of this question. Soccer (Pty) Ltd is preparing its annual return for its year of assessment ended 30 June 2016, and has requested your assistance in determining the tax effects of the following: The company purchased an empty plot of land for R350 000 on 1 July 2015. It built a factory on this plot (Factory A) at a further cost of R670 000. This factory was completed and brought into use on 1 September 2015 and houses its manufacturing plant. On 1 November 2015 the company purchased new manufacturing machinery (Machinery A) for R125 000, and second-hand industrial sewing machines (Machinery B) for R62 000.