On 1st of March 2019, Ernesto Trading CC, a non-registered VAT Vendor, having considered it's 15-year...
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On 1st of March 2019, Ernesto Trading CC, a non-registered VAT Vendor, having considered it's 15-year output outlook, decided to buy an additional Machinery to the value of N$ 366 000 (excl VAT) for business use, in hope of getting production to desired levels. Installation and Supervisor training costs in order to get production going were N$ 27 450 and N$ 13 500 inclusive of VAT, respectively. The Carrying amount of the Machinery in the Ernesto Trading CC's books is On 1st of March 2019, Ernesto Trading CC, a non-registered VAT Vendor, having considered it's 15-year output outlook, decided to buy an additional Machinery to the value of N$ 366 000 (excl VAT) for business use, in hope of getting production to desired levels. Installation and Supervisor training costs in order to get production going were N$ 27 450 and N$ 13 500 inclusive of VAT, respectively. The Carrying amount of the Machinery in the Ernesto Trading CC's books is
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Solution Cost of Machinery excluding VAT N 366000 This is the initial cost of the machinery purchased by Ernesto Trading CC excluding Value Added Tax VAT Installation Costs inclusive of VAT N 27450 Th... View the full answer
Related Book For
Operations Management Managing Global Supply Chains
ISBN: 978-1506302935
1st edition
Authors: Ray R. Venkataraman, Jeffrey K. Pinto
Posted Date:
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