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TAX2601 Assignment 6 Semester 2 2024

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TAX2601 Assignment 6 Semester 2 2024

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Dashboard / Courses / UNISA / 2024 / Semester 2 / TAX2601-24-S2 / TAX2601 Home Page / Assessment 6



Started on Wednesday, 30 October 2024, 11:05 PM
State Finished
Completed on Wednesday, 30 October 2024, 12:09 PM
Time taken 1 hour 3 mins
Marks 94.51/95.00
Grade 98.16 out of 100.00




Question 1
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On 1 February 2021, Ubuntu (Pty) Ltd acquired a new non-manufacturing machine for R1 100 000. The machine was brought into use
immediately. Calculate the capital allowance to be claimed by Ubuntu (Pty) Ltd on this machine for the 2023 year of assessment ending
28 February. Assume Ubuntu (Pty) Ltd is a Small Business Corporation, as defined in the Act.



a. R220 000
b. R330 000
c. R18 333
d. R550 000




Question 2
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On 1 February 2023, Ubuntu (Pty) Ltd acquired a new machine for R2 000 000. The machine was brought into use the same day in a
process of manufacture. Calculate the capital allowance to be claimed by Ubuntu (Pty) Ltd on this machine for the 2023 year of
assessment ending 28 February. Assume Ubuntu (Pty) Ltd is a Small Business Corporation, as defined in the Act.



a. R Nil
b. R1 000 000
c. R166 667
d. R2 000 000









1 of 15 6/10/2023, 5:40

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