Sterling is purchasing a vehicle in Manitoba privately for $12000. He needs a new battery for...
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Sterling is purchasing a vehicle in Manitoba privately for $12000. He needs a new battery for $129 and 4 new tires which are $120 each. The book value of the vehicle is listed as $13500. Sterling has a safety check performed for $40. Calculate the total cost of purchasing the vehicle after taxes. x 1.12 1.12 x0.07 x1.05 Repairs x 1.12 Buying New Buying Used (Dealership) Buying Used (Private) Safety Materials and Labour Lien Search PST (7%) PST PST PST calculated on greater of book value or purchase price No PST PST No PST GST (5%) GST GST No GST GST GST No GST Sterling is purchasing a vehicle in Manitoba privately for $12000. He needs a new battery for $129 and 4 new tires which are $120 each. The book value of the vehicle is listed as $13500. Sterling has a safety check performed for $40. Calculate the total cost of purchasing the vehicle after taxes. x 1.12 1.12 x0.07 x1.05 Repairs x 1.12 Buying New Buying Used (Dealership) Buying Used (Private) Safety Materials and Labour Lien Search PST (7%) PST PST PST calculated on greater of book value or purchase price No PST PST No PST GST (5%) GST GST No GST GST GST No GST
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Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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