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An asset is sold to a non-connected party for R210 000. This asset was acquired two years ago for R225 000. The Tax value equates to R141 000. Calculate the amount (if any) to include in the gross income of the ‘’person”. IGNORE VAT.
a.
R90 000 recoupment
b.
R150 000 proceeds
c.
R69 000 recoupment
d.
None of the above.
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