Discover a wealth of knowledge at Westonci.ca, where experts provide answers to your most pressing questions. Join our Q&A platform and get accurate answers to all your questions from professionals across multiple disciplines. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

The company sold a laptop to an employee for R 3 000.00. The market value of the laptop on the date of sale was R 4 500.00. The company bought the laptop two years earlier for R 9 000.00 and used it in the business. The taxable value of the 'acquisition of asset at less than actual value' fringe benefit is:
R 4 500,00
R 9 000,00
R 1 500,00