Posted on Leave a comment

Revaluation surplus & depreciation charge

Jon is entering an invoice for a new item of equipment in the accounts. The invoice shows the following costs:

Water treatment equipment $20,000
Delivery $650
Maintenance charge $2,090
Sales tax $4,027
Invoice total $26,767

Jon is registered for sales tax. What is the total value of capital expenditure on the invoice?

Answer

Water treatment equipment $20,000
Delivery $650
$20,650
Leave a Reply