Question: How much should Uber capitalize as a non-current asset in relation to the purchase? Uber Electronics, a registered VAT trader, purchased a new laptop for

How much should Uber capitalize as a non-current asset in relation to the purchase?

Uber Electronics, a registered VAT trader, purchased a new laptop for use in its business. The invoice for the laptop showed the following costs related to the purchase: Description Amount (in Pound) Laptop 1,200 Additional RAM 150 Delivery charge 25 Installation 50 Warranty (one year) 40 Sales tax (20%) 240 Total 1,705 How much should Uber capitalize as a non-current asset in relation to the purchase

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