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The company paid the entire amount of electricity for the period $1$ February $2024$ to $31$ August $2024.$

$6.$ On $1$ February $2023,$ Blitz $($Pty$)$ Ltd acquired a new manufacturing machine from Brazil which was brought into use on $2$ May $2023.$ The cost of the machine was US$$38000.$ The company settled the purchase price in full on $1$ July $2023.$ No other costs were incurred on the machine and no forward exchange contract was entered into.

The spot rates are as follows:

$1$ February $2023$ $$1=$ R$18\mathrm{.}20$

$28$ February $2023$ $$1=$ R$18\mathrm{.}50$

$2$ May $2023$ $$1=$ R$18\mathrm{.}70$

$1$ July $2023$ $$1=$ R$18\mathrm{.}80$

$7.$ Due to the expansion of the business, the company purchased three laptops during November $2023$ for immediate use by the finance department. The taxpayer elects the $50$:$30$:$20$ write$-$off that pertains to other assets in terms of section $12$E$.$

$8.$

The company constructed a mini commercial building on $10$ June $2023.$ The building was completed and immediately brought into use on $1$ January $2024.$

$9.$

The full payment was made to the former operations manager on$2$ January $2024$ for agreeing not to start a business in South Africa within a period of four years.

$10.$

Blitz $($Pty$)$ Ltd incurred an expense of R$60000$ in acquiring a design on its trading merchandise.

Required:

Calculate in detail Blitz $($Pty$)$ Ltd$.$s tax liability for the year ended $29$ February $2024.$

Show all workings and full explanations where applicable.

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