Dec$2024-$FA$1-$V$4-$AP$-31072024$QUESTION $3(12$ marks$)$FastTrack Logistics $($Pty$)$ Ltd $($FTL$)$ is a leading transportation services company,specialising in nationwide deliveries. FTL has a February financial year$-$end.On $1$ October $2021,$ FTL expanded its fleet by purchasing a new delivery truck forR$1500000$ to meet increasing demand. However, after a few years of service, thetruck accumulated high mileage and showed signs of wear and tear. FTL decided tosell the truck and invest in a newer model to maintain its commitment to reliable andefficient deliveries.For the $2022,2023$ and $2024$ years of assessment, FTL claimed a wear$-$and$-$tearallowance under section $11($e$).$ SARS allows delivery vehicles to be written off overthree years.On $31$ January $2024,$ FTL sold the delivery truck to SwiftTrans Logistics $($Pty$)$ Ltd$($STL$)$ for R$200000.$REQUIRED:Calculate the income tax implications for FastTrack Logistics $($Pty$)$ Ltd for the $2024$year of assessment due to the sale of the delivery truck to SwiftTrans Logistics $($Pty$)$Ltd$.$ FTL and STL are not connected persons.Support your answer with references to the Income Tax Act.Ignore any capital gains tax and VAT implications.$(12$ marks$)$How can I figure out