Question: 5.1 INFORMATION AD Lid purchased a machine to the value of R345000 (vat inclusive) on 1 January 2021. They estimated the residual value to be

5.1 INFORMATION AD Lid purchased a machine to the value of

5.1 INFORMATION AD Lid purchased a machine to the value of R345000 (vat inclusive) on 1 January 2021. They estimated the residual value to be R10000 and the useful life to be 10 years. On 1 January 2023, the useful life was determined that only 5 years was remaining and a residual value of R5 000. Assume a tax rate of 30%

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