Mona purchased, as an investment, a rent-producing property for R1 500 000 on 1 November 2017. During the 2018 year of assessment, she incurred deductible expenditure in the determination of her taxable income of R80 000 in repairing its kitchen. On 1 March 2019 she installed a security system costing R30 000. In October 2019 she built a swimming pool at a cost of R80 000. In February 2021, after the tenant’s child nearly drowned in the swimming pool, she filled it in. YOU ARE REQUIRED to determine the base cost of Mona Lisa’s rent-producing property. a. R1 530 000 b. R1 500 000 c. R1 610 000 d. R1 690 000



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