Question: Question 1 0 ( 4 points ) An employer, a non - vendor, purchased a motor car for R 3 5 0 0 0 0

Question 10(4 points)
An employer, a non-vendor, purchased a motor car for R350000(inclusive VAT of R45000 and finance charges of R20000) on 1 March 2022. The free right of use of this vehicle was given to an employee on 1 March 2024. Calculate the determined value to be used for fringe benefits.
Question 1 0 ( 4 points ) An employer, a non -

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!