Question
Namichuwan is a VAT registered person. In January 19, 2022 , she purchased a machine worth P5,000,000 (with 6 years useful life) for her business.
Namichuwan is a VAT registered person. In January 19, 2022, she purchased a machine worth P5,000,000 (with 6 years useful life) for her business. The amount of input tax related to the purchase machine that can be claimed in January is:
a. P0
b. P840,000
c. P11,667
d. P14,000
Based in the Philippines
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Accounting Information Systems
Authors: Marshall RomneyPaul Steinbart
11th Edition
136015182, 978-0136015185
