Siyanda is the owner of Bunga Limited. Bunga Limited purchased a delivery vehicle on 01 June 2017 for an amount of R292 000. Bunga Limited was entitled to a S11 (e) allowance of 20% on the delivery vehicle. The delivery vehicle was sold on 30 November 2021 for an amount of R270 000. Use the above information to calculate both the tax value and the recoupment for the year ended 28 February 2022
Siyanda is the owner of Bunga Limited. Bunga Limited purchased a delivery vehicle on 01 June 2017 for an amount of R292 000. Bunga Limited was entitled to a S11 (e) allowance of 20% on the delivery vehicle. The delivery vehicle was sold on 30 November 2021 for an amount of R270 000. Use the above information to calculate both the tax value and the recoupment for the year ended 28 February 2022
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question 1
1.1 Siyanda is the owner of Bunga Limited. Bunga Limited purchased a delivery vehicle on 01 June 2017 for an amount of R292 000. Bunga Limited was entitled to a S11 (e) allowance of 20% on the delivery vehicle.
The delivery vehicle was sold on 30 November 2021 for an amount of R270 000.
Use the above information to calculate both the tax value and the recoupment for the year ended 28 February 2022
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