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  3. 1. go fast couriers (pty) ltd took out a life poli

1. go fast couriers (pty) ltd took out a life policy on one of their...

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Accounting

1. Go Fast Couriers (Pty) Ltd took out a life policy on one of their very loyal divers, Jabu. Jabu paid the premiums of R6000 per annum for the past 4 years. Jabu passed away in a motor vehicle accident and the proceeds of the policy was paid to Jabus wife. The total policy proceeds was R1 450 000. What amount will be included as deemed property in Jabus estate (if any). Choose the correct answer. a. R1 450 000

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