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How much input tax credit could be claimed

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Reference no: EM133003368

Question - 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 $26,500 (GST inc).

-How would you process this to comply with taxation reporting requirements?

-How much input tax credit could be claimed?

-What would be the BAS code for the acquisition?

-Why would you code it there?

Reference no: EM133003368

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