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On 1 February 2025, Ubuntu (Pty) Ltd acquired a new machine for R900 000. The ma...
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On 1 February 2025, Ubuntu (Pty) Ltd acquired a new machine for R900 000. The machine was brought into use the same day in a process of manufacture.
Calculate the capital allowance to be claimed by Ubuntu (Pty) Ltd on this machine for income tax purposes for the 2025 year of assessment ending 28 February. Assume Ubuntu (Pty) Ltd is not a Small Business Corporation, as defined in the Act.
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