QUESTION $6\mathrm{.}1(34$ marks, $61$ minutes$)$Sekunjula $($Pty$)$ Ltd $($Sekunjula$)$ manutactures plastic pipes used in the South African mining indus$-$try. The company's manufacturing process has been approved by SARS as a qualitying process ofmanutacture. Sekunjula does not quality as a small business corporation as defined in the lncomeTax Act No$.58$ af $1962,$ and it is a registered VAT Vendor, making only taxable supplies. AlWhere necessary. Sekunjula obtained validtransactions.Sekunjula will make use of any possible election$($s$)$ that would legally minimise its tax liability.The net profit for the financial year ended on the last day of March amounted to R$2496350,$ beforeconsidering the following information $($all amounts exclude VAT, unless stated otherwise$)$:$1.$ Repairs and maintenanceSekunjula's factory and office building needed extensive repairs and maintenance. The followingamounts were incurred on $30$ June $2023$:Replacing damaged carpets on the floors with ceramic tilesPainting the factory and office building............Erecting new carports for customersReplacing the old diamond mesh wire fence with palisade fencing $..\mathrm{.}2.$ Rubber machine$3.$ Fibre machineQUESTION $6\mathrm{.}1($continued$)$included$)$ and was brought into the process of manufacture on $10$ March $2021,$ The insurancecompany setl ed the claim on $8$ July $2023$ and the indemnity payment amounted to R$320000($VATexcluded$).$DateSekunjula purchased a fibre machine from a British supplier on $1$ January $2024$ to replace the rubbermachine amounted to $75000.$ Airtreiaht. customss and clearing costs amounted to R$25000.$ Afoundation had to be built for the machine at a cost of R$39500.$ This transaction took place at am'slength and the British supplier is not a connected person in relation to Sekunjula. The machinepurchase nrce of the fibre machine was settled in hull through a hank transter on $16$ Anrl $2024$nuary $202415$ February $202471$ March $2024$The following ruling exchange rates applied for Sekunjula's $2024$ year of assessment:$31$ March $2024$Aa$1$ March $2024$Other assets$5$ Vacant land$6.$ DonationLearnership agreementsennd. The agreemempoyees successtullyDividends and salaryAdditichippeSekunjula purchased ten $(10)$ new computers on $15$ August $2023.$ The total cost of al the computersamounted to R$162300.$ The company installed and brought the computers into use on$1$October $2023.$Exchange rate $($Spot Average rateSekunjula wanted to rent a piece of vacant land adjacent to the factory for storage, parking andoadngCarports$$R$15\mathrm{.}541$ January $2024.$ The lease contract granted the use of the land to Sekunjula for a period of five$(5)$ years from $1$ January $2024.$ A monthly rental amount of R$3800$ was also payable from$1$ January $2024.$Computers$1=$R$16,65$IE $=$ R$17,005$ vearsREQUIRED:R$1=$ R$16\mathrm{.}863$ yearsQUESTION $6\mathrm{.}1($continued$)536001=15,4228720$Sekunjula entered into learnership agreements with two new emplayees for a period of $12$ monthseach, from$1$ January $2023.$ The first employee had an NOF level $4$ qualification and he dd not havea dsability as defined. The other emplayee had an NQF level $9$ qualificati on and he had a di sabilityeeents comply wih all the necessary requirements and they are registered$\mathrm{.}3890048300$ership agreemenIncluded in the net profit of Sekunjula is an amount of R$35000$ received as dvidends rom aninvestment in a South African company.DvaerasS l he amount or K $00$ were dstiouea to ne oniy member. Auorey Jouoen, anaaccount when calculating the net profit of R$2496350.$Thee African Children Fund on $1$ March $2024.$ They receivedSARS Bnding General Rulina No$.7$ alows for the following wite$-$off periods $($where appiicable$)$:$10$tCalculate the income tax payable by Sekunjula $($Ply$)$ Ltd for the $2024$ year of assess$-$R$2496350,$ Sekunjula $($Py$)$ Ltd has an assessed tax loss of R$98000$ brought for$-$ward from the $2023$ year of assessment.MARKS$34$tax invoices and the required documentation for al itsspacene owner or the lana wanted to sel the property and grantea he use and