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1-2 years 15% 2-3 years 20% 3-4 years 30% 4-5 years 40% 5-6 years 50% 6-7 years 60% 7-8 years 70%. What is the Customs Value of the Land Rover Discovery II TDV6 HSE?

1-2 years 15% 2-3 years 20% 3-4 years 30% 4-5 years 40% 5-6 years 50% 6-7 years 60% 7-8 years 70%. What is the Customs Value of the Land Rover Discovery II TDV6 HSE?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. The following information was extracted from an importer's commercial invoice. Make and Model Land Rover Discovery III TDV6 HSE Year of manufacture 2013 Year of first Registration July 2014 Date Entered May 2021 2,700cc. Engine Size Additional information: Current Retail Selling Price (CRSP) of a similar model but of 3700 CC is Kes 9,292,300 25% Import Duty Rate Excise Rate 35% 16% VAT Rate 3.5% Railway Development Levy (RDL) 2%. Import Declaration Fee (IDF) Depreciation rate for Direct Imports is as follows: 0-6 months 5% Over 6 months 10% 1-2 years 15% 2-3 years 20% 3-4 years 30% 4-5 years 40% 5-6 years 50% 6-7 years 60% 7-8 years 70%. What is the Customs Value of the Land Rover Discovery III TDV6 HSE?
Transcribed Image Text:1. The following information was extracted from an importer's commercial invoice. Make and Model Land Rover Discovery III TDV6 HSE Year of manufacture 2013 Year of first Registration July 2014 Date Entered May 2021 2,700cc. Engine Size Additional information: Current Retail Selling Price (CRSP) of a similar model but of 3700 CC is Kes 9,292,300 25% Import Duty Rate Excise Rate 35% 16% VAT Rate 3.5% Railway Development Levy (RDL) 2%. Import Declaration Fee (IDF) Depreciation rate for Direct Imports is as follows: 0-6 months 5% Over 6 months 10% 1-2 years 15% 2-3 years 20% 3-4 years 30% 4-5 years 40% 5-6 years 50% 6-7 years 60% 7-8 years 70%. What is the Customs Value of the Land Rover Discovery III TDV6 HSE?
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