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On 1 February 2024, Ubuntu (Pty) Ltd acquired a new machine for R2 000 000. The...
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On 1 February 2024, Ubuntu (Pty) Ltd acquired a new machine for R2 000 000. 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 the 2025 year of assessment ending 28 February. Assume Ubuntu (Pty) Ltd is a Small Business Corporation, as defined in the Act.
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