On November 1, 2020 Mr. Raul Ferrer a VAT registered taxpayer made the following purchases from VAT seller for use in his business. The amounts stated not including value- added taxes: Machine 1 with a useful life of 6 years.. Machine 2 with a useful life of 3 years.. Machine 3 with a useful life of 2 years.. How much is the input VAT available to Mr. Ferrer for the month of November? P2,850,000 1,710,000 570,000

On November 1, 2020 Mr. Raul Ferrer a VAT registered taxpayer made the following purchases from VAT seller for use in his business. The amounts stated not including value- added taxes: Machine 1 with a useful life of 6 years.. Machine 2 with a useful life of 3 years.. Machine 3 with a useful life of 2 years.. How much is the input VAT available to Mr. Ferrer for the month of November? P2,850,000 1,710,000 570,000

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter17: Business Tax Credits And The Alternative Minimum Tax

Section: Chapter Questions

Problem 15P

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