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:

Particular	Amount (AED)
Computer	2500
Additional Memory	200
Delivery	50
Installation	150
Maintenance (1 year)	400
Sub Total	3,300
VAT (5%)	165
Total	3465

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.