Question
BOB, a VAT registered person, has the following acquisitions of capital goods and or equipment for the current year: Equipment 1 [VAT Inclusive] Equipment
BOB, a VAT registered person, has the following acquisitions of capital goods and or equipment for the current year: Equipment 1 [VAT Inclusive] Equipment 2 [VAT Exclusive] Equipment 3 [VAT Inclusive]. P1,568,000 1,100,000 840,000 Equipment 1 is intended to be used by the business for six years, Equipment 2 for three years, and Equipment 3 for five years, Required: Compute the creditable Input VAT on the acquisition of Equipment or the current year
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Calculus
Authors: Ron Larson, Bruce H. Edwards
10th Edition
1285057090, 978-1285057095
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