Question
Zero Ltd manufactured several pieces of heavy equipment at a cost of 1,000,000 and sold it to Tango, a wholesale equipment distributor, for 2,500,000. Tango
Zero Ltd manufactured several pieces of heavy equipment at a cost of 1,000,000 and sold it to Tango, a wholesale equipment distributor, for 2,500,000. Tango distributed the equipment to its customers and received a total of 4,000,000. If the national VAT is 25%, how much tax did Tango pay?
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Auditor Essentials 100 Concepts Tips Tools And Techniques For Success
Authors: Hernan Murdock
1st Edition
1138036919, 978-1138036918
