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QUESTION 2 ( 1 5 marks, 2 7 minutes ) Part A ( 5 marks, 9 minutes ) A registered VAT vendor purchased a computer
QUESTION marks, minutesPart A marks, minutesA registered VAT vendor purchased a computer for up to use in providing exempt supplies and use in the course of making taxable supplies. The computer had a total cost of Rincluding VAT when it was acquired. The vendor later sold the computer at its market value ofRincluding VATREQUIRED: MarksDiscuss, supported with calculations, all the input tax consequences arising fromthe above transaction.
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