Assume the following taxpayer information: The taxpayer is a South African manufacturing company (not a small business corporation as defined) with a 31 March 2022 year of assessment. Calculate the tax value of the machine BELOW. Information pertaining to manufacturing machine: Events Date Amount R560 000 Sold 30 November 2021 Puchased 1 June 2019 R230 000 Recoupment (before limited to capital allowances previously claimed) R514 000 Oa. R46 000 O b. R nil OCR184 000 Od. R284 000
Assume the following taxpayer information: The taxpayer is a South African manufacturing company (not a small business corporation as defined) with a 31 March 2022 year of assessment. Calculate the tax value of the machine BELOW. Information pertaining to manufacturing machine: Events Date Amount R560 000 Sold 30 November 2021 Puchased 1 June 2019 R230 000 Recoupment (before limited to capital allowances previously claimed) R514 000 Oa. R46 000 O b. R nil OCR184 000 Od. R284 000
Chapter3: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 5DQ
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Transcribed Image Text:Assume the following taxpayer information: The taxpayer is a South African manufacturing company (not a
small business corporation as defined) with a 31 March 2022 year of assessment. Calculate the tax value of
the machine BELOW.
Information pertaining to manufacturing machine:
Events
Date
Amount
R560 000
Sold
30 November 2021
Puchased
1 June 2019
R230 000
Recoupment (before limited to capital
allowances previously claimed)
R514 000
Ⓒa. R46 000
Ob. R nil
OCR184 000
Od. R284 000
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ISBN:
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Author:
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Publisher:
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