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Nano Ltd purchased an imported motor vehicle on 1 January 2019. The following details relate to the purchase: $ List price 200,000 Import duties 15,000
Nano Ltd purchased an imported motor vehicle on 1 January 2019. The following details relate to the purchase: $ List price 200,000 Import duties 15,000 Delivery 5,000 International transit insurance 1,300 Australian car registration 700 Required: Calculate the cost at which the motor vehicle is to be recorded in Nano Ltd's accounts on 1 January 2019, citing the relevant AASB paragraphs in your answer. $221 300 $222 000 $220 000 $207 000 Nano Ltd purchased an imported motor vehicle on 1 January 2019. The following details relate to the purchase: $ List price 200,000 Import duties 15,000 Delivery 5,000 International transit insurance 1,300 Australian car registration 700 Required: Calculate the cost at which the motor vehicle is to be recorded in Nano Ltd's accounts on 1 January 2019, citing the relevant AASB paragraphs in your answer. $221 300 $222 000 $220 000 $207 000
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