Little and Co. purchased equipment from a new supplier for a list price of 408 000. VAT
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Little and Co. purchased equipment from a new supplier for a list price of 408 000. VAT at 17.5 per cent was charged on this amount. A haulage company charged 2000 to transport the equipment to Little and Co.'s premises and the fitters charged 7400 for installation and setting up. The equipment was insured at a premium of 750. Required What amount should Little and Co. include in its fixed assets?
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