QUESTION 4 continued) 4. Amounts relating to debtors 5. Employee related costs 6. Inventory QUESTION (4) (35 marks) Max Style (Pty) Ltd ("Max Style") is a South African company that manufactures footwear. They are based in Durban, KwaZulu-Natal. The company's year of assessment ends on 28 February 2022. It is not a small business corporation as defined in the Income Tax Act. The company's taxable income before taking the tax consequences for each of the below assets and transactions into account is R4 165000 . The following information is provided to you for the company's current (2022) year of assessment: 1. Moveable assets Below is a summary of specific assets for which all the tax consequences (including the wear and tear and capital allowances) must still be considered for the current year. 2. Buildings On the next page is a summary of transactions relating to the factory buildings for which all the tax consequences (including the capital allowances) must still be considered for the current year: QUESTION 4 continued) 3. Interest QUESTION 4 continued) Additional information: The write-off period of assets according to the Binding General Ruling no. 7 is as follows: Computer equipment: Catering equipment: Furniture \& fittings 3 years 4 years 6 years Max Style elected the following, where applicable: - scrapping allowance in terms of section 11(0) and - deferral of recoupment of building allowances in terms of section 13(3)