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How much is the input tax from purchases in a month of fixed assets in the following cases: a. A purchase in May of Php
How much is the input tax from purchases in a month of fixed assets in the following
cases:
a. A purchase in May of Php 200,000.
b. A purchase in June of Php 1,200,00, life of the asset is 3 years.
c. Purchases in October of:
Asset No. 1 - Php 300,000
Asset No. 2 - Php 500,000
Total of Php 800,000
d. Purchase in November:
Asset no. 1 - Php 900,000, useful life of 5 years
Asset No. 2 - Php 500,000, useful life of 6 years
Total of Php 1,400,000
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