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TAX2601 ASSESSMENT 5 SEM 2 OF 2024 EXPECTED SOLUTIONS R101,33
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Exam (elaborations)

TAX2601 ASSESSMENT 5 SEM 2 OF 2024 EXPECTED SOLUTIONS

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THIS DOCUMENT CONTAINS TAX2601 ASSESSMENT 5SEM 2 OF 2024 EXPECTED SOLUTIONS. USE IT CORRECTLY AS A GUIDE IN CREATING YOUR OWN SOLUTIONS.

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  • October 5, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
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By: machikaadelaide • 2 months ago

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By: kubi90 • 2 months ago

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oscardiura
, a)


Criteria Application to RentCo Conclusion




Expenditure RentCo paid R102,000 on 2 February 2024 for a 12-month The expense has been
actually incurred maintenance contract (1 February 2024 - 31 January 2025). actually incurred.




The maintenance of elevators is necessary for keeping the
In the production The expense is in the
buildings operational, which is directly related to RentCo's
of income production of income.
rental income.




Not of a capital Maintenance is a recurring operational cost and does not The expense is not of a
nature increase the value or lifespan of the elevators. capital nature.

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