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Ngwenya (Pty) Ltd imports trading stock from Brazil. The cost of the trading sto...
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Ngwenya (Pty) Ltd imports trading stock from Brazil. The cost of the trading stock is the equivalent of R4 300 000, shipping costs are R95 000, insurance costs are R55 000 and customs and excise duties are R430 000. The trading stock was received at the warehouse by the end of its 2025 year of assessment.
Calculate the value of trading stock for the year of assessment ended 28 February 2025.
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