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Welcome to AM Audit

Events

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2020/07/21
Giveaway

AMA/GA/2020/01

To win the GiveAway:

Answer the Question Below:

ABC Company, a VAT registered trader purchased a computer for use in his business.

The invoice for the computer showed the following costs related to the purchase:

ParticularAmount (AED)
Computer2500
Additional Memory200
Delivery50
Installation 150
Maintenance (1 year)400
Sub Total3,300
VAT (5%)165
Total3465
How much should ABC Company capitalize as a non-current asset in relation to the purchase?
A. AED 2500
B. AED 2700
C. AED 3465
D. AED 2900

• Comment down the right answer to the question.

We will announce the Giveaway Winner on Sunday (26-July-2020) at 12PM (GST) on all of our Social Media, make sure to keep yourself updated.