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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

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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

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