Answer to Question #78850 in Accounting for Liam Johnston

Question #78850
A business purchases 10 digital televisions for use in its offices. When the televisions arrive at the workplace the owner of the business decides that one will be taken home. The total cost of the acquisition was $16,500 (GST inclusive).

How you would process this to comply with taxation reporting requirements. How much input tax credit could be claimed and why?
1
Expert's answer
2018-07-03T10:42:36-0400
Dear Liam Johnston, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order

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