UNISA 2023 TAX2601-23-S2 Assessment 4
QUIZ
Started on Friday, 29 September 2023, 11:51 PM
State Finished
Completed on Saturday, 30 September 2023, 12:52 AM
Time taken 1 hour 1 min
Marks 31.00/35.00
Grade 88.57 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 R12 000 Patent R8 375
b. Trademark R36 000 Patent R33 500
c. Trademark R0 Patent R33 500
d. Trademark R0 Patent R8 375
Question 2
Complete
Mark 1.00 out of 1.00
Ubuntu (Pty) Ltd acquired new photocopying equipment for its business operations at a cost of R110 000. Installation costs
were R3 000 and delivery costs were R950. The copier was delivered on 1 November 2022 and immediately brought into use.
In terms of Binding General Ruling No. 7, an acceptable write-off period for this asset would be five (5) years. Calculate the
wear-and-tear allowance to be claimed in respect of the photocopying equipment for income tax purposes in the 2023 year of
assessment ending 28 February. Assume Ubuntu (Pty) Ltd is not a Small Business Corporation, as defined in the Act.
a. R7 333
b. R7 397
c. R7 597
d. R7 533
QUIZ
Started on Friday, 29 September 2023, 11:51 PM
State Finished
Completed on Saturday, 30 September 2023, 12:52 AM
Time taken 1 hour 1 min
Marks 31.00/35.00
Grade 88.57 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 R12 000 Patent R8 375
b. Trademark R36 000 Patent R33 500
c. Trademark R0 Patent R33 500
d. Trademark R0 Patent R8 375
Question 2
Complete
Mark 1.00 out of 1.00
Ubuntu (Pty) Ltd acquired new photocopying equipment for its business operations at a cost of R110 000. Installation costs
were R3 000 and delivery costs were R950. The copier was delivered on 1 November 2022 and immediately brought into use.
In terms of Binding General Ruling No. 7, an acceptable write-off period for this asset would be five (5) years. Calculate the
wear-and-tear allowance to be claimed in respect of the photocopying equipment for income tax purposes in the 2023 year of
assessment ending 28 February. Assume Ubuntu (Pty) Ltd is not a Small Business Corporation, as defined in the Act.
a. R7 333
b. R7 397
c. R7 597
d. R7 533
