12:02 Done Lst1.docx 30. Zero Rated Supplies are: Select one: C a goods or services on which VAT of 15% is claimable as Output VAT, but on which VAT of 0% is payable to receiver as Input VAT. c'b.goods or services on which VAT of 15% is claimable as Input VAT, but on which VAT of 0% is payable to Receiver as Output VAT Cc goods or services on which VAT of 0% is claimable as Output VAT, but on which VAT of 15% is payable to Receiver as Input VAT Cd. None of the above 31. The following is not an example of Zero-rated Supply Select one: Ca. Top Score Maize Meal Porridge b. Supply of residential accommodation c. Supply of business as a going concern d. Supply of electricity to residential accounts 32. Which of the following is correct? Select one: Ca. Output Vat is a VAT on the sales of merchandise. b. Output VAT is a VAT on the purchase of merchandise. c. Output VAT is an expense paid to the Receiver. d. Output VAT is a liability claimable from the Receiver 33. Broll (Pty) Ltd is a VAT registered vendor. They imported a cans of beer from China at a purchase price of NS150 000 (VAT inclusive.). The equipment was shipped through Walvis bay, incurring shipping costs of NS15 000 (VAT excl.) and non- refundable import duties of N$10 000 (VAT excl.). Other related costs incurred were as follows (All VAT exclusive): - Installation cost of N$15 000 Warehouse clearing and other cost of preparing the site of equipment NSS 000 - Administrative and general overhead costs N$15 000; Cost of testing the equipment N$10 000; - Proceeds from printing pamphlets for testing NS3 000 - Advertisement for commencement of bulk printing services NS10 000 Calculate and indicate the cost of equipment at initial recognition according to IAS 16. (6 marks) Select one: Ca. N$198 435 C b. NS185 435 Cc. NS182 435 Cd. NS170 435