Sclcom $($Py$)$ Lld $($Solcom$)$ is a company that trades as a manufacurer of solar parels in South Alrica and is nota Small Buyear$-$enThe acccuntsssessment $($before taking tbe information pro$$ded below into account, unless stated olherwise$)$ amounts toTrading stockThe trading stock of marulachured solar panels $($finished goods$)$ have ben correcty taken into accourt ine manucturirg pruce mual be nsluded in the salculaban of the laxaple ingore und l$\text{'}$ p$.$ he al wishvalues.The foilowing extract from the financial records is available:Parts for manufacturing solar panels$4$peopurchescs of impoted parts durrng the $2024$ francial yearOpening slock an $1$ March $2023$ @ co price axcluding import dutiesClpsing siock on $28$ February $2024($R Dost price ncud$$ng import dutiesCosrg tos o$2$ F co prioe excluding import dutiesnote $-$ Some af the perts included in dosing siock consisled af outdaled lechnclogy'Insurances Saicom donatedhed sclar panes wh a manutachunng cot c H$0$ o$0$d and a maket vaue oPat ll of e Nnth Scheduie ta the Income Tax Acy act and Socom reoalved a valid section $18$A certitkcate faradvertisement benafit was reolved $($You must aESume that the manutahring cost of the donated solardekurtion toaaulu n Ihe taabie income calculation af RA the end of the previous year of assessmerk. Soicom had a balance of donalions that qualifed lar aimialign, The ampurt caried d os enQUESTION $($continue$)3$ Ront paid for warehouseOn $1$ December $2023$ Sokcom renewed its annual shar$-$tem nsurance contrac $($ant AJnarpavperiod of $12$ months. The insaranca was payahie hr $-$mortnpnvano on the hootooUnfortunate$$y$,$ Solcom was infomed on $28$ January $2024$ that the insurarnc compary was placed underlquidatian and that no sarvces or a rehnd cf the amount alroady paid wil be raceved Salcom urgantlyEmployse ramunerationThe following information is available form the financial records of Solcom:$41$ Nat aalarles and wages pakd lo amployass$31$ January $224$ paid R$294000$ for shor$-$term insuranoe for the period $1$February $2024$ until$2$Pericn and conbutons decuted tom selanes and paid to per$3$in tundshunds $($oonmpany oaninradod om denm's amckoyment The loanwas written of as irrecoverabie an $28$ February $2024\mathrm{.}45$Emplgrees' tax $($PAYE$)$ deducted from gzoss salaries and pakd Over to SARSTratfle fines paidDue to the plarred construcbion of Facicry Buidng B $($nole $7\mathrm{.}3$ belw$).$ Salcom enlered into a easeprpperty wthere the factory wil be creced The lease agreement was for $12$ months commencing tom$1$ Auaus $2023$ The ld ampuc lr te $13$eo py he lul $12$ months rent on$6$ Expenditure relating to patontsTAKHC$2$aSenes saoesanenQUESTION $($Continue$)164$D $000$onsioeT$9500018720$generalccCurtant calauated that it is better to overoad the delvery tucks and cexceed the weightlimit on thenalianal rosds, due to the h$$h luei prioes ss it costs less to rathe pay the fres than lo buy$2024$ yaar af assessment The accountant argues that the axpansa is a nacassary concomitant f thea$8$ a deduction in tamms of the oenecal dediuctinn fo a not ora captal nalure$\mathrm{.}75$ Asceciaist moving corca$024$ tor annoved Machine $101$ from Facdoryamount of RtREQUIREDd the annuasRs in mh o ie exeson of e lerm of he peterl that the comparyAssets and related expenses and receiptswas also paid. FactoryA is not stuated in an Urban Development Zone. On $31$ Ocaber $2023$ aoffect repairs which was finshed on $20$ January $2024.$ The repairs consictod of rsplacing the damagedoofng shaats which lis mora expanslva. Factory bulding A was however sokd on $15$ Fahnuary $2024$ta the roaf of the fastay suftered durng the $31$ Ocaet $2023$ slprm for an arourt of B$19000072$ The storm of $31$ October $2023$ also damaged Soicom's network computer system beyond repsir andFactory Bgnore any capital naie tr or s $2$u$24$ year of assesgmerntnr ara cost of R$250200.$ This asset qualmad for a $3-$yaar wita$-$off peniod$82000$Show amounts that are deductiie in terms of different sections of the Income Tax Act inseparale ires in the answer$\mathrm{.}75000$TAX$2$O$20$a$4$Seseser taasesamertsby the loca Municiosity$)$ commenced on $10$ Febrnusry $2023,$ The buiing has a toor area of $1100$PA R$300$on we cn a$5$ danry $2024$ at a total construction cost otAssuma that Solcom wl maka any saloction avalahie in tems of tha incama Tax Act to$670074$ Machne $10$t was purchasad new at a cost ot R$2680000$ and brought into Lse on$5$ January $2021$ induring January $2024$ and broutt int in uling A to Factory bulidng HDde blat esccs for anw amount that is not taxable or not dedtble. Also provide brefreapons in the body gf vour calculslion $($not as a se$9$rate nole elseatere in vour answer$)$for the traatmert of tranactions $2,344,4\mathrm{.}5,5$ and $7\mathrm{.}5.$ Na nedorances to the Incame TaxAct are required.ahich was paid by Sooam oCetfThe moving companyMARKS