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How much should gareth capitalise as a non-current asset

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Gareth, a sales tax registered trader purchased a computer for use in his business. The invoice for the computer showed the following costs related to the purchase:

$

Computer                       890
Additional memory           95
Delivery                        10
Installation                      20
Maintenance (one year)       25
                                       1,040
Sales tax (VAT) (17.5%)    182
Total                                1,222

Problem 1: How much should Gareth capitalise as a non-current asset in relation to the purchase?

Select one:

a. 0
b. 1,040
c. None of the other answers is correct
d. 1,222
e. 1,015

Reference no: EM132778494

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