Question
3. Impex Company Inc. imports basketball equipment from the United States on Commercial Invoice #2345. The value of the equipment is US$ 57165.75: the exchange
3. Impex Company Inc. imports basketball equipment from the United States on Commercial Invoice #2345. The value of the equipment is US$ 57165.75: the exchange rate is 1.37813, duty rate is 7.5%. The equipment is not for sale, it will be in Canada for 6 months (Temporary Importation) it is imported for testing and demonstration. Calculate how much Duty and GST Basketball Inc. owe to CBSA for this shipment. Show all calculations for full marks 25 marks!
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Managerial Accounting
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
5th Edition
1264467206, 978-1264467204
