The owner will purchase a new vehicle in the September quarter for $27,500. In December they will purchase photocopiers for $5,500 and a computer system for $5,500 with an upgrade in March for a further $2,750. Each item is inclusive of GST. Prepare the Capital Expense Budget for the financial year.
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Voyager Co. Capital Expenditure Budget 30 June
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September
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December
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March
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June
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Total GST
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Car
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Photocopier
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Computer
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Total (net GST)
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GST
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(GST = 10%)