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What is the capitalized cost of the van

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Reference no: EM132999087

Problem 1: BTS Inc bought a delivery van with a list price of P1,500,000 on July 15, 2021. The dealer grants a 11% reduction in list price and an additional 2% cash discount on the net price if payment is made in 30 days. Full payment was made to the dealer on August 31, 2021. What is the capitalized cost of the van?

Reference no: EM132999087

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