Ubuntu (Pty) Ltd acquired a second-hand delivery vehicle at a cost of R70 000 on 1 September 2022 and immediately brought it into use in its business, for the purpose of making deliveries. The delivery vehicle was used throughout the 2023 and 2024 year of assessment ended 28 February 2023 and 29 February 2024. In terms of Binding General Ruling No. 7, an acceptable write-off period for this agset would be four (4) years. Calculate the tax value of the delivery vehicle as at 29 February 2024. Assume Ubuntu (Pty) Ltd is not a Small Business Corporation, as defined in the Act. O a. R61 250 O b. R52 500 O c. R43 750 O d. R35 000