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Pls answer the questions with your detailed explanations, it's much appreciated! 9 Lance is entering an invoice for a new item of equipment in the
Pls answer the questions with your detailed explanations, it's much appreciated!
9 Lance is entering an invoice for a new item of equipment in the accounts. The invoice shows the following costs: Water treatment equipment Delivery Maintenance charge Sales tax Invoice total $39,800 $1,100 $3,980 $7,854 $52,734 Lance is registered for sales tax. What is the total value of asset expenditure on the invoice? $39,800$40,900$44,880$52,734 (2 marks) 10 Which one of the following assets may be classified as a non-current asset in the financial statements of a business? A tax refund due next year A motor vehicle held for resale A computer used in the office Cleaning products used to clean the office floors (2 marks) 11 Which of the following items should be included in current assets? (1) Assets which are not intended to be converted into cash (2) Assets which will be converted into cash in the long term (3) Assets which will be converted into cash in the near future 1 only 2 only 3 only 2 and 3 (2 marks)Step by Step Solution
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