Lance is entering an invoice for a new item of equipment in the accounts. The invoice shows the following costs: Water treatment equipment $39,800 Delivery $1,100 Maintenance charge $3,980 Sales tax $7,854 Invoice total $52,734 Lance is registered for sales tax. What is the total value of capital expenditure on the invoice?
Lance is entering an invoice for a new item of equipment in the accounts. The invoice shows the following costs: Water treatment equipment $39,800 Delivery $1,100 Maintenance charge $3,980 Sales tax $7,854 Invoice total $52,734 Lance is registered for sales tax. What is the total value of capital expenditure on the invoice?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Lance is entering an invoice for a new item of equipment in the accounts. The invoice shows the
following costs:
Water treatment equipment $39,800
Delivery $1,100
Maintenance charge $3,980
Sales tax $7,854
Invoice total $52,734
Lance is registered for sales tax. What is the total value of capital expenditure on the invoice?
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