In 2020, Clifford purchase a condominium unit from his friend, Ronald (condo unit owner). for P3,000,000 and a parking lot from the subdivision developer for P800,000. The correct amount of vat is:
In 2020, Clifford purchase a condominium unit from his friend, Ronald (condo unit owner). for P3,000,000 and a parking lot from the subdivision developer for P800,000. The correct amount of vat is:
Chapter10: Partnership Taxation
Section: Chapter Questions
Problem 21MCQ
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Question
In 2020, Clifford purchase a condominium unit from his friend, Ronald (condo unit owner).
for P3,000,000 and a parking lot from the subdivision developer for P800,000. The correct amount of vat
is:
a. P456,000 c. P96,000
b. P360,000 d. P0
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