The company received a dividend from a local investment company on $31$ December $2023$

The cost price of the opening stock was R$560000$ and the market value was R$420000$ ons on $1$ March $2023.$ The cost Price of the olosing stock waf R$480000$ gnd the market value was R$535000-$on $29$ February $2024.$

The list of doubtful debts as at $29$ February $2024$ amounted to $R120000$ and $70\%$ of the total amount have been in arrears for more than $120$ days. The balance of the debtors have not been in arrears for more than $60$ days. The doubtful$-$debt allowance by the Commissioner for the $2023$ year of assessment, amounted to R$42000.$

Salaries paid during the current year of assessment amounted to R$790000$ and the company also contributed R$90000$ towards the provident fund on behalf of the company's employees.

$5$ Legatexpenses were incurred as follows:

Drafting of lease contracts for the company amounting to R$65000.$

The balance of the expenses relate to collection of outstanding trade debtors.

$6.$ Majuba $($Pty$)$ Ltd incurred an expense of R$50000$ in acquiring a design on its trading merchandise.

$7.$ The company paid the entire amount of electricity for the period $1$ February $2024$ to $31$ August $2024.$ in South Africa within a period of four years.

$9.$ Due to the expansion of the business, the company purchased four computers during October $2023$ for immediate use by the finance department. The taxpayer elects the $50$:$30$:$20$ write$-$off that pertains to other assets in terms of section $12E.$

$10.$ On $1$ February $2023,$ Majuba $($Pty$)$ Ltd acquired a new manufacturing machine from the United States which was brought into use on $3$ May $2023.$ The cost of the machine was US$$45000.$ The company settled the purchase price in full on $1$ June $2023.$ No other costs were incurred on the machine and no forward exchange contract was entered into.

The spot rates are as follows:

$1$ February $2023$

$28$ February $2023$

$$1=R17\mathrm{.}00$

$$1=R17\mathrm{.}50$

$$1=R17\mathrm{.}80$

$$1=R18\mathrm{.}00$

$3$ May $2023$

$1$ June $2023$

Required:

Calculate in detail Majuba $($Pty$)$ Ltd$.\text{'}$s tax liability for the year ended $29$ February $2024.$

Show all workings and full explanations where applicable.