Determine the revised invoice amount for an equipment part that is being replaced ...

70.2K

Verified Solution

Question

Accounting

Determine the revised invoice amount for an equipment part that is being replaced
during preventive maintenance of a manufacturing conveyor system. Assuming the initial
invoice amount for the equipment was $85,000,If sales taxes apply where there is15%
Central Goods and Service Tax, and 18% State Goods and Services Tax SGST, and an
additional 6%in integrated goods and services Tax, and a discount of15.9664%
applies. [Hint: Use Goal Seek in Excel]

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students