Question
A new Toyota Mark II is imported from Japan. Other details relating to this sale are as given below: Exchange Rate US $ 1= K4500
A new Toyota Mark II is imported from Japan. Other details relating to this sale are as given below:
Exchange Rate US $ 1= K4500
Cost $ 12,000
Insurance @ 2% of F.O.B = $240.00
Freight Charges = $ 1,000
Required:
Compute the VDP and value for VAT purposes
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
ISBN: 978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
