TAX2601 ASSIGNMENT 4 SEMESTER 2 2023

UNISA  2023  TAX2601-23-S2  Assessment 4


QUIZ




Started on Sunday, 1 October 2023, 12:52 AM
State Finished
Completed on Sunday, 1 October 2023, 1:28 AM
Time taken 35 mins 11 secs
Marks 32.00/35.00
Grade 91.43 out of 100.00

Question 1

Complete

Mark 1.00 out of 1.00




Ngwenya (Pty) Ltd purchased a trademark called Nix on 1 November 2022 and a patent called Tix on 1 December 2022. The
trademark cost was R720 000 and the cost of the patent was R670 000. Calculate the deduction or allowance available to
Ngwenya (Pty) Ltd for the year of assessment ending 28 February 2023.


a. Trademark R0 Patent R33 500

b. Trademark R12 000 Patent R8 375

c. Trademark R0 Patent R8 375

d. Trademark R36 000 Patent R33 500




Question 2

Complete

Mark 1.00 out of 1.00




On 1 February 2023, Ubuntu (Pty) Ltd acquired a second-hand machine for R1 800 000. 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. R900 000

b. R720 000

c. R1800 000

d. R75 000