LML 4801
ASSIGNMENT 4 SEMESTER 2 2022
Use this document as a guide to learn, compare and reference
, Started on Friday, 23 September 2022, 1:30 PM
State Finished
Completed on Friday, 23 September 2022, 2:00 PM
Time taken 30 mins 11 secs
Marks 9.00/9.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Which ONE of the following statements regarding disposal is CORRECT?
1. Modise borrows his vintage car to his girlfriend, Anna for a weekend.
2. Modise donates his vintage car to his girlfriend, Anna.
3. Modise rents his vintage car to his friend, Boaz on his wedding.
4. Modise buys another vintage car from his uncle, Mike.
Your answer is
correct.The correct
answer is:
Modise donates his vintage car to his girlfriend, Anna.
Question 2
Correct
Mark 1.00 out of 1.00
Nhlanhla, a South African resident owns a house in Pretoria. Uche Okwa, a Nigerian resident rented the house from Nhlanhla from 1 March
2019 to 28 February 2020 at R20 000 per month. Nhlanhla appointed her sister, Lucky, to receive the rent money on her behalf as she is
currently out of the country. They both agreed that Lucky will take 5 per cent of the rent to maintain the house. As Nhlanhla did not receive
the rent, she need not include the rental income in her gross income for the 2019/2020 year of assessment.
Indicate whether the statement above is true or false.
1. FALSE
2. TRUE
Your answer is correct.
The correct answer is:
FALSE
1/
ASSIGNMENT 4 SEMESTER 2 2022
Use this document as a guide to learn, compare and reference
, Started on Friday, 23 September 2022, 1:30 PM
State Finished
Completed on Friday, 23 September 2022, 2:00 PM
Time taken 30 mins 11 secs
Marks 9.00/9.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Which ONE of the following statements regarding disposal is CORRECT?
1. Modise borrows his vintage car to his girlfriend, Anna for a weekend.
2. Modise donates his vintage car to his girlfriend, Anna.
3. Modise rents his vintage car to his friend, Boaz on his wedding.
4. Modise buys another vintage car from his uncle, Mike.
Your answer is
correct.The correct
answer is:
Modise donates his vintage car to his girlfriend, Anna.
Question 2
Correct
Mark 1.00 out of 1.00
Nhlanhla, a South African resident owns a house in Pretoria. Uche Okwa, a Nigerian resident rented the house from Nhlanhla from 1 March
2019 to 28 February 2020 at R20 000 per month. Nhlanhla appointed her sister, Lucky, to receive the rent money on her behalf as she is
currently out of the country. They both agreed that Lucky will take 5 per cent of the rent to maintain the house. As Nhlanhla did not receive
the rent, she need not include the rental income in her gross income for the 2019/2020 year of assessment.
Indicate whether the statement above is true or false.
1. FALSE
2. TRUE
Your answer is correct.
The correct answer is:
FALSE
1/
