FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tim Ques Not On 1 February 2021, Ubuntu (Pty) Ltd acquired a new non-manufacturing machine for R1 100 000. The machine was brought into use

image text in transcribed
Tim Ques Not On 1 February 2021, Ubuntu (Pty) Ltd acquired a new non-manufacturing machine for R1 100 000. The machine was brought into use immediately. Maria Calculate the capital allowance to be claimed by Ubuntu (Pty) Ltd on this machine for the 2022 year of assessment ending 28 February. Assume Ubuntu (Pty) Ltd is a Small Business Corporation, as defined in the Act. PR O a. R550 000 O b. R1 100 000 OC R220 000 O d. R330 000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Funny Audit Stories Auditor Stories To Make You Laugh Out Loud

Funny Audit Stories Auditor Stories To Make You Laugh Out Loud

Authors: Truman Ballas

1st Edition

B097DCG5GS, 979-8524946072

More Books

Students also viewed these Accounting questions

Question

★★★★★
Three point charges are fixed in place in a right triangle. What is the electric force on the 0.60- μ C charge due to the other two charges? +0.30 C 8.0 cm 10.0 cm -0.60 HC +1.0 C

Answered: 1 week ago

Question

★★★★★
What evidence supports the decision to separate unipolar and bipolar mood disorders in the offi cial classifi cation system? In what ways are they different? In what ways are they similar? Can you...

Answered: 1 week ago

Question

★★★★★
91. A chemist is interested in determining whether a certain trace impurity is present in a product. An experiment has a probability of .80 of detecting the impurity if it is present. The probability...

Answered: 1 week ago

Question

★★★★★
Classify the following reports as being either scheduled or on-demand reports. Cash disbursements listing Overtime report Customer account history Inventory stock-out report Accounts receivable aging...

Answered: 1 week ago

Question

★★★★★
4 Part 1 of 3 Required information (The following information applies to the questions displayed below.) Elegant Decor Company's management is trying to decide whether to eliminate Department 200,...

Answered: 1 week ago

Question

★★★★★
You hear on the news that the S\&P 500 was domn 11% today relative to the risk-free rate (the miarkef's excess tetiam was - 11% ) You are thinking about your portfolo and your ifvestments in Hewlett...

Answered: 1 week ago

Question

★★★★★
Define Management by exception

Answered: 1 week ago

Question

★★★★★
Explain the importance of staffing in business organisations

Answered: 1 week ago

Question

★★★★★
What are the types of forms of communication ?

Answered: 1 week ago

Question

★★★★★
Team learning. This begins with the capacity of members of a team to suspend judgement and start to think together and to recognize the patterns of interaction within a team that militate against...

Answered: 1 week ago

Question

★★★★★
makes human resource development strategy central to business policy in order that the process of individual and organizational learning becomes a major business activity;

Answered: 1 week ago

Question

★★★★★
provides a continuous process of organizational transformation designed to harness the products of individual learning in order to make fundamental changes in assumptions, goals, norms and operating...

Answered: 1 week ago

Previous Question Next Question