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Buy Your Car purchased one of its fleet vehicles from a company in Kenya in the month of March. The customs value of the car amounted to R362539 and surcharges of R 3685 per fleet vehicle. YOU ARE REQUIRED TO calculate VAT levied on the importation of the fleet vehicles from Kenya.

Buy Your Car purchased one of its fleet vehicles from a company in Kenya in the month of March. The customs value of the car amounted to R362539 and surcharges of R 3685 per fleet vehicle. YOU ARE REQUIRED TO calculate VAT levied on the importation of the fleet vehicles from Kenya.

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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Buy Your Car purchased one of its fleet vehicles from a company in Kenya in the month of March. The customs value of the car amounted to R362539 and surcharges of R 3685 per fleet vehicle. YOU ARE REQUIRED TO calculate VAT levied on the importation of the fleet vehicles from Kenya.
Transcribed Image Text:Buy Your Car purchased one of its fleet vehicles from a company in Kenya in the month of March. The customs value of the car amounted to R362539 and surcharges of R 3685 per fleet vehicle. YOU ARE REQUIRED TO calculate VAT levied on the importation of the fleet vehicles from Kenya.
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