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OUTCOMES OF TOPIC After studying this topic in relation to capital allowances on movable assets, you should be able to: ✓ Understand what is meant by “movable assets”; ✓ Understand the term “small busines s corporation (SBC)” and be able to evaluate whether a business meets the requirements to be classified as a SBC; ✓ Calculate accelerated capital allowances for a SBC in terms of section 12E; ✓ Understand the term “process of manufacturing”; ✓ Calculate capital allowances in terms of section 12C; ✓ Identify when wear and tear in terms of section 11(e) is applicable; ✓ Identify when an asset may be claimed in full in terms of section 11(e) and the SARS Private General Ruling No.7; ✓ Calculate the capital allowance in respect of moving costs in terms of section 11(e) and section 12C; ✓ Complete the “Tax Computation” section on the ITR14 return in respect of non-deductible depreciation/amortisation for accounting purposes; ✓ Complete the “Tax Computation” section on the ITR14 return in respect of the applicable capital allowance in terms of the Income Tax Act.

OUTCOMES OF TOPIC After studying this topic in relation to capital allowances on movable assets, you should be able to: ✓ Understand what is meant by “movable assets”; ✓ Understand the term “small busines s corporation (SBC)” and be able to evaluate whether a business meets the requirements to be classified as a SBC; ✓ Calculate accelerated capital allowances for a SBC in terms of section 12E; ✓ Understand the term “process of manufacturing”; ✓ Calculate capital allowances in terms of section 12C; ✓ Identify when wear and tear in terms of section 11(e) is applicable; ✓ Identify when an asset may be claimed in full in terms of section 11(e) and the SARS Private General Ruling No.7; ✓ Calculate the capital allowance in respect of moving costs in terms of section 11(e) and section 12C; ✓ Complete the “Tax Computation” section on the ITR14 return in respect of non-deductible depreciation/amortisation for accounting purposes; ✓ Complete the “Tax Computation” section on the ITR14 return in respect of the applicable capital allowance in terms of the Income Tax Act.

OUTCOMES OF TOPIC After studying this topic in relation to capital allowances on movable assets, you should be able to: ✓ Understand what is meant by “movable assets”; ✓ Understand the term “small busines s corporation (SBC)” and be able to evaluate whether a business meets the requirements to be classified as a SBC; ✓ Calculate accelerated capital allowances for a SBC in terms of section 12E; ✓ Understand the term “process of manufacturing”; ✓ Calculate capital allowances in terms of section 12C; ✓ Identify when wear and tear in terms of section 11(e) is applicable; ✓ Identify when an asset may be claimed in full in terms of section 11(e) and the SARS Private General Ruling No.7; ✓ Calculate the capital allowance in respect of moving costs in terms of section 11(e) and section 12C; ✓ Complete the “Tax Computation” section on the ITR14 return in respect of non-deductible depreciation/amortisation for accounting purposes; ✓ Complete the “Tax Computation” section on the ITR14 return in respect of the applicable capital allowance in terms of the Income Tax Act.

OUTCOMES OF TOPIC After studying this topic in relation to capital allowances on movable assets, you should be able to: ✓ Understand what is meant by “movable assets”; ✓ Understand the term “small busines s corporation (SBC)” and be able to evaluate whether a business meets the requirements to be classified as a SBC; ✓ Calculate accelerated capital allowances for a SBC in terms of section 12E; ✓ Understand the term “process of manufacturing”; ✓ Calculate capital allowances in terms of section 12C; ✓ Identify when wear and tear in terms of section 11(e) is applicable; ✓ Identify when an asset may be claimed in full in terms of section 11(e) and the SARS Private General Ruling No.7; ✓ Calculate the capital allowance in respect of moving costs in terms of section 11(e) and section 12C; ✓ Complete the “Tax Computation” section on the ITR14 return in respect of non-deductible depreciation/amortisation for accounting purposes; ✓ Complete the “Tax Computation” section on the ITR14 return in respect of the applicable capital allowance in terms of the Income Tax Act.