Q181
XYZ firm has imported a machine from abroad. Which of the following is NOT the element of the machine's cost?
A.
Purchase price of machine
B.
Import duty
C.
Demmurage charges
D.
Refundable tax
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
XYZ firm has imported a machine from abroad. Refundable tax is NOT the element of the machine's cost.