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On 1 February 2025, Ubuntu (Pty) Ltd acquired a new non-manufacturing machine f...
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On 1 February 2025, Ubuntu (Pty) Ltd acquired a new non-manufacturing machine for R1 000 000. The machine was brought into use immediately.
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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