Laura recently purchased a digital camera costing A$3,400 from Singapore for her photography business located...
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Accounting
Laura recently purchased a digital camera costing A$3,400 from Singapore for her photography business located in Melbourne. She uses the camera partly for private purposes and partly in her business. She estimates that her business use of the camera would be 85%. Laura is registered for GST. Which of the following statements is correct? (Select more than one, if appropriate.) Laura is liable for GST of $340 on the purchase of the camera. Laura is entitled to input tax credits of $340 on the purchase of the camera. Laura is not entitled to input tax credits on the purchase of the camera. Laura is entitled to input tax credits of $289 on the purchase of the camera. Laura has no GST liability as the camera was imported
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