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16. Omega Traders purchased a vehicle for N$460,000 (inclusive of 15% VAT). Addi...
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16. Omega Traders purchased a vehicle for N$460,000 (inclusive of 15% VAT). Additional costs: Transport: N$11,500 (incl. VAT), Number plates: N$1,150 (incl. VAT), Insurance: N$5,750. The business is VAT registered and uses the vehicle 100% for business. What is the correct cost of the vehicle?
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