Melanie who lives in Vancouver, purchased a piece of equipment from Australia for A$43,070. He was...
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Melanie who lives in Vancouver, purchased a piece of equipment from Australia for A$43,070. He was charged 19% duty, 5% GST, and 7% PST to import it. Calculate the total cost of the equipment. Assume that the exchange rate was C$1 = A$1.0287. Tax is charged on the price of the equipment after applying the duty. What was the total cost of the equipment? $0.00 Melanie who lives in Vancouver, purchased a piece of equipment from Australia for A$43,070. He was charged 19% duty, 5% GST, and 7% PST to import it. Calculate the total cost of the equipment. Assume that the exchange rate was C$1 = A$1.0287. Tax is charged on the price of the equipment after applying the duty. What was the total cost of the equipment? $0.00
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SOLUTION First we need to calculate the amount of duty charged on the ... View the full answer
Related Book For
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
Posted Date:
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