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ackie, a non-business taxpayer, paid for the following relevant figures (in pesos) anent his importation.  Cost of Goods - 1,350,000 Arrastre Charge - 30,000 Facilitation Fee - 25,000 Freight Charge - 45,000 Wharfage Fee - 5,000 Insurance - 10,000 Customs Duties - 5% How much is the dutiable value?

ackie, a non-business taxpayer, paid for the following relevant figures (in pesos) anent his importation.  Cost of Goods - 1,350,000 Arrastre Charge - 30,000 Facilitation Fee - 25,000 Freight Charge - 45,000 Wharfage Fee - 5,000 Insurance - 10,000 Customs Duties - 5% How much is the dutiable value?

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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Jackie, a non-business taxpayer, paid for the following relevant figures (in pesos) anent his importation. 
  • Cost of Goods - 1,350,000
  • Arrastre Charge - 30,000
  • Facilitation Fee - 25,000
  • Freight Charge - 45,000
  • Wharfage Fee - 5,000
  • Insurance - 10,000
  • Customs Duties - 5%
How much is the dutiable value?
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