What is the capital cost of the motor vehicle, Financial Accounting

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What is the capital cost of the motor vehicle

Problem

A motor vehicle is purchased for $22,000 (GST inclusive i.e. $20,000 plus $2,000 GST) plus compulsory stamp duty of $500 (no GST included). An LP gas tank was installed in the motor vehicle for $2,200 (GST inclusive i.e. $2,000 plus $200 GST) and motor vehicle registration costs were $600 (no GST included) for the coming year. What is the capital cost of the motor vehicle?

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Financial Accounting: What is the capital cost of the motor vehicle

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