Question $3$

$(12$ marks$)$

Ntabie is the owner of Brown Dee Limited $("$BD$").$ BD purchased a delivery vehicle on $1$ March $2022$ for an amount of R$280000.$ BD was entitled to a S$11($e$)$ allowance of $20\%$ on the delivery vehicle.

The delivery vehicle was sold on $1$ November $2023$ for an amount of R$300000.$

Required:

Use the above information to calculate both the tax value and the recoupment for the year ended $29$ February $2024.$

$(12$ marks$)$