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How much input tax from purchases in a month of fixed asset

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Reference no: EM132686610

Problem 1: How much is the input tax from purchases in a month of fixed assets in the following cases:

a. A purchase in May of Php 200,000.

b. A purchase in June of Php 1,200,00, life of the asset is 3 years.

c. Purchases in October of:

Asset No. 1 - Php 300,000 Asset No. 2 - Php 500,000 Total of Php 800,000 d. Purchase in November: Asset no. 1 - Php 900,000, useful life of 5 years Asset No. 2 - Php 500,000, useful life of 6 years Total of Php 1,400,000

Reference no: EM132686610

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