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Exam (elaborations)

FIN3701 ASSIGNMENT 01 S2 2023 (614237) Solutions

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FIN3701 ASSIGNMENT 01 S2 2023 () Detailed Solutions

Institution
University Of South Africa (Unisa)
Course
Financial Management (FIN3701)








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  • fin3701 assignment 01 s2 2023 614237 solutions

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FIN3701 ASSIGNMENT 01

SEMESTER 02 2023




QUESTION 1



1.1 Calculate the book value of the existing machine.

Book value = Original cost - Depreciation

Depreciation = R1 000 000 × 0.20 × 3 = R600 000

Book value = R1 000 000 - R600 000 = R400,000



1.2 Calculate the tax implication from the sale of the existing machine.

Capital gain = Selling price - Book value

Capital gain = R800 000 - R400 000 = R400 000

Tax implication = Capital gain × Tax rate

Tax implication = R400b000 × 0.40 = R160 000

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