Question
The list price of the machine is $22000 and the seller does not offer any discount to the buyers looking to buy the machine. The
The list price of the machine is $22000 and the seller does not offer any discount to the buyers looking to buy the machine. The GST of 10% is included in the list price of the machine. A buyer has to incur $1000 as freight charges to bring the machine to his factory and another $500 on the installation of the machine, what amount will be recorded as the cost of acquisition of the machine in the books of the buyer? Select one: a. $25700 b. S22000 c. $21300 d. $21500
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The Chief Value Officer Accountants Can Save The Planet
Authors: Mervyn King, Jill Atkins
1st Edition
1783532939, 978-1783532933
