Question 4 1 points Save Answer On 1 August 2020, a fire caused by an angry (previously dismissed) employee damaged three industrial ovens at the factory of Bunny Bakery (Pty) Ltd, a business based in Mpumalanga Bunny Bakery (Pty) Ltd is a resident of the Republic and a registered VAT Vendor. All amounts exclude VAT unless stated otherwise The damaged ovens were sold to a company who repairs industrial ovens and resell them Details of the damaged industrial ovens follow Oven 1 New 1 Jan 2019 Oven New 11 Apr 2019 Oven 3 Used 1 Feb 2020 Originally acquired Date purchased and brought into use Onginal cost including NAT Proceeds R86 250 |R3750 R60 375 R40 500 R25 875 R22 500 Cost of replacement ovens Date replaced - Purchased new including VAT) - Purchased used including VAT) Replacement Replacement Replacement Oven 1 Oven 2 Oven 3 Oven R1) Oven R2) | Oven R3) 15 Aug 2020 1 Oct 2020 1 Dec 2020 R103 500 R41 400 R89 700 Date brought into use Sept 2020 Nov 2020 1 Jan 2021 The Commissioner has confirmed that Bunny Bakery (Pty) Ltd carries on a process of manufacture. He has agreed that the industrial ovens are used directly in this process. Bunny Bakery (Pty) Ltd's financial year ends on the last day of February. It will defer its liability for normal tax whenever possible. YOU ARE REQUIRED TO choose the correct answer The scrapping allowance for Oven 1 will amount to Question 4 1 points Save Answer On 1 August 2020, a fire caused by an angry (previously dismissed) employee damaged three industrial ovens at the factory of Bunny Bakery (Pty) Ltd, a business based in Mpumalanga Bunny Bakery (Pty) Ltd is a resident of the Republic and a registered VAT Vendor. All amounts exclude VAT unless stated otherwise The damaged ovens were sold to a company who repairs industrial ovens and resell them Details of the damaged industrial ovens follow Oven 1 New 1 Jan 2019 Oven New 11 Apr 2019 Oven 3 Used 1 Feb 2020 Originally acquired Date purchased and brought into use Onginal cost including NAT Proceeds R86 250 |R3750 R60 375 R40 500 R25 875 R22 500 Cost of replacement ovens Date replaced - Purchased new including VAT) - Purchased used including VAT) Replacement Replacement Replacement Oven 1 Oven 2 Oven 3 Oven R1) Oven R2) | Oven R3) 15 Aug 2020 1 Oct 2020 1 Dec 2020 R103 500 R41 400 R89 700 Date brought into use Sept 2020 Nov 2020 1 Jan 2021 The Commissioner has confirmed that Bunny Bakery (Pty) Ltd carries on a process of manufacture. He has agreed that the industrial ovens are used directly in this process. Bunny Bakery (Pty) Ltd's financial year ends on the last day of February. It will defer its liability for normal tax whenever possible. YOU ARE REQUIRED TO choose the correct answer The scrapping allowance for Oven 1 will amount to