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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 890Additional memory 95Delivery 10Installation 20Maintenance (one year) 25 1,040Sales tax (VAT) (17.5%) 182Total 1,222
Problem 1: How much should Gareth capitalise as a non-current asset in relation to the purchase?
Select one:
a. 0b. 1,040c. None of the other answers is correctd. 1,222e. 1,015
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