Asagai (Pty) Ltd pays a maintenance contractor to maintain its premises. The maintenance contractor is paid...

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Asagai (Pty) Ltd pays a maintenance contractor to maintain its premises. The maintenance contractor is paid on an annual basis. On 1 November 2022, the company paid the maintenance contractor R40 000 to maintain the building from 1 November 2022 to 31 June 2023. This is the only prepaid expense incurred for the 2022 year of assessment. How much will be deducted in terms if prepaid expenses for the company for the year of assessment ending February 2022? O A. 0 O B. 120 000 O C. 80 000 O D. 40 000 Asagai (Pty) Ltd pays a maintenance contractor to maintain its premises. The maintenance contractor is paid on an annual basis. On 1 November 2022, the company paid the maintenance contractor R40 000 to maintain the building from 1 November 2022 to 31 June 2023. This is the only prepaid expense incurred for the 2022 year of assessment. How much will be deducted in terms if prepaid expenses for the company for the year of assessment ending February 2022? O A. 0 O B. 120 000 O C. 80 000 O D. 40 000

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The detailed answer for the above question is provided below The correct answer is A 0 Heres the ex... View the full answer