Question: QUESTION 2 ( 1 5 marks, 2 7 minutes ) Part A ( 5 marks, 9 minutes ) A registered VAT vendor purchased a computer

QUESTION 2(15 marks, 27 minutes)Part A (5 marks, 9 minutes)A registered VAT vendor purchased a computer for up to 70% use in providing exempt supplies and30% use in the course of making taxable supplies. The computer had a total cost of R28750(including VAT) when it was acquired. The vendor later sold the computer at its market value ofR31050(including VAT).REQUIRED: MarksDiscuss, supported with calculations, all the input tax consequences arising fromthe above transaction.

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