Page 93 - P6 Slide - Taxation - Lecture Day 1
P. 93
Example - Roll overs
Arson Ltd purchased a used manufacturing machine
on 28 February 2010 at a cost of R100 000. On 28
February 2012 the machine was destroyed in a fire.
The company received R120 000 from its insurer as
compensation. Arson Ltd purchased and started
using a more advanced new replacement
manufacturing machine on 30 June 2012 at a cost
of R150 000. Arson Ltd has a 30 June year-end.
Determine the capital gain to be brought into
account in the 2012 to 2015 years of assessment.
