Dashboard / Mycourses / TAX2601-22-S1
/ Welcome Message / Assessment6
Y Play yucsuur
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
adjusted proceeds for the disposal of the machine
BELOW.
Information pertaining to manufacturing machine:
Events Date Amount
Sold 30 November 2021|R 1 100000
Puchased 1 June 2019 R 870 000
Tax value at date of sale R 870 000
@ a.R1 100 000
© b. R230 000
© c. R640 000
© d. R870 000
Clear my choice
, Selling price 1 100 000
Tax value (870 000)
Recoupment 230 000
Limited to capital allowance RO
Capital allowance (870 000 — 870 000) RO
Proceeds R1 100 000
Recoupment RO
Adjusted proceeds R1 100 000
/ Welcome Message / Assessment6
Y Play yucsuur
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
adjusted proceeds for the disposal of the machine
BELOW.
Information pertaining to manufacturing machine:
Events Date Amount
Sold 30 November 2021|R 1 100000
Puchased 1 June 2019 R 870 000
Tax value at date of sale R 870 000
@ a.R1 100 000
© b. R230 000
© c. R640 000
© d. R870 000
Clear my choice
, Selling price 1 100 000
Tax value (870 000)
Recoupment 230 000
Limited to capital allowance RO
Capital allowance (870 000 — 870 000) RO
Proceeds R1 100 000
Recoupment RO
Adjusted proceeds R1 100 000
