Question: Question 3 ( 1 2 marks ) Ntabie is the owner of Brown Dee Limited ( BD ) . BD purchased a delivery

Question 3
(12 marks)
Ntabie is the owner of Brown Dee Limited ("BD"). BD purchased a delivery vehicle on 1 March 2022 for an amount of R280000. BD was entitled to a S11(e) allowance of 20% on the delivery vehicle.
The delivery vehicle was sold on 1 November 2023 for an amount of R300000.
Required:
Use the above information to calculate both the tax value and the recoupment for the year ended 29 February 2024.
(12 marks)
Question 3 (12 marks) Ntabie is the owner of Brown Dee

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!

Q:

Ntabie is the owner of Brown Dee Limited ( BD ) BD purchased a delivery vehicle on 1 March 2 0 2 2 for an amount of R 2 8 0 0 0 0 BD was entitled to a S 1 1 ( e ) allowance of 2 0 % on the delivery...

Q:

HIGHER EDUCATION PROGRAMMESAcademic Year 2 0 2 4 Formative Assessment 1 ( FA 1 ) : NQF Level, Credits:Weighting:Assessment Type:Educator:Examiner:January JuneIntroduction to Taxation ( HIT 1 1 8 1 )...

Q:

HIGHER EDUCATION PROGRAMMESAcademic Year 2 0 2 4 Formative Assessment 1 ( FA 1 ) : NQF Level, Credits:Weighting:Assessment Type:Educator:Examiner:January JuneIntroduction to Taxation ( HIT 1 1 8 1 )...

Q:

HIGHER EDUCATION PROGRAMMESAcademic Year 2 0 2 4 Formative Assessment 1 ( FA 1 ) : NQF Level, Credits:Weighting:Assessment Type:Educator:Examiner:January JuneIntroduction to Taxation ( HIT 1 1 8 1 )...

Q:

Question 2 [ 3 1 Marks ] During the 2 0 2 2 year of assessment, Luyanda resigned and withdrew R 2 0 0 0 0 0 0 from his pension fund. He transferred 5 0 % of this pension fund to a pension...

Q:

Question 3 [ 1 2 Marks ] Nthabi is the owner of Brown Dee Limited ( " BD " ) . BD purchased a delivery vehicle on 1 March 2 0 2 1 for an amount of R 2 8 0 0 0 0 . BD was entitled to a S 1 1 ( e )...

Q:

Question 2 ( 3 1 marks ) In the 2 0 2 2 year of assessment, Luyanda resigned and withdrew R 2 0 0 0 0 0 0 from his pension fund. He transferred 5 0 % of this pension fund to a pension preservation...

Q:

Question 3 [ 1 2 Marks ] Nthabi is the owner of Brown Dee Limited ( " BD " ) . BD purchased a delivery vehicle on 1 March 2 0 2 1 for an amount of R 2 8 0 0 0 0 . BD was entitled to a S 1 1 ( e )...

Q:

QUESTION 1 ( 2 5 marks ) John is the owner of a local gardening service company called Green Gardens ( Pty ) Ltd ( " Green Gardens" ) . Green Gardens has a 3 0 June financial year - end. You have...

Q:

Old MathJax webview You have completed your studies as a qualified accountant. Your uncle owr business, BAKONE TRADERS, and he wants you to take over the administ section of the business. You have...

Q:

For the ODE dy = (y cos(x) + 2x)y .y(0) = 0.8 dx The most accurate answer when estimating y(2) with step size h(1) will be most likely obtained using ORK3 RK4 Ralston's method midpoint method

Q:

Why might the effective tax rate paid on income earned within a country be different from that country's national corporate income tax rate?

Q:

Planning for labor shortages is easy. You just decide how many people you will need and start recruiting.Planning for labor shortages is easy. You just decide how many people you will need and start...

Q:

identify the key findings from the primary study on the following data collected: What is the role of SCM within the Department of Transport? 4 . 3 . 1 . 1 The employees interviewed were asked what...

Q:

clarify and articulate your research methodology;

Q:

focus your project by developing a research aim and research objectives or questions;

Q:

consider how to build on prior learning.