Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An entity acquires a fixed asset from abroad. The following information is available: The asset was purchased on 1st February, commission date is 1th April
An entity acquires a fixed asset from abroad. The following information is available: The asset was purchased on 1st February, commission date is 1th April Purchase price: 3,600 th HUF Duty: 450 th HUF Domestic delivery cost: 32 th HUF + VAT Insurance fee until commission of the asset: 48 th HUF Insurance fee after commission of the asset: 45 th HUF Loan for the investment (1st February): 2,000 th HUF Yearly interest payable: 360 th HUF Interest in the purchase value: Commitment fee on loan: 5 th HUF Accessories for the asset purchased before commission of the asset: 40 th HUF + VAT Cost of commission: 140 th HUF + VAT Maintenance cost from the use of the asset until the end of the year: 300 th HUF + VAT Interest received on bank deposit set aside for the investment: 55 th HUF How much is the purchase value of the asset (in th HUF)? Enter a value without spaces and other punctuation! If an element decreases the value of the asset use the - sign! If an element won't change the value of the asset mark it with 0! Calculation of the initial value: 3600
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started