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There are three production stages required before a pair of skis produced by Fjord Fabrication can be sold at retail for 2,300. Fill in the
There are three production stages required before a pair of skis produced by Fjord Fabrication can be sold at retail for 2,300. Fill in the following table to show the value added at each stage in the production process and the incremental and total VAT. The Norwegian VAT rate is 25 percent. (Round "Incremental VAT" to 2 decimal places.) Production Stage 1 2 3 Selling Price NOK 730 NOK2600 NOK3700 Value Added NOK NOK NOK Total VAT Incremental VAT NOK NOK NOK NOK
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