How much is the input taxes of July from the purchases

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Problem - On August 1, 2018, Mr. S., a VAT taxpayer, made purchases of fixed assets as follows:

Fixed Asset No. 1, with a useful life of 2 years P600,000

Fixed Asset No. 2, with a useful life of 3 years 900,000

Aggregate for the month 1,500,000

Required - How much is the input taxes of July from the purchases?

Reference no: EM132750099

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