Skip to main content
IFRS Academy

CERTYNEX IFRS ACADEMY

Search the Academy

Home
My learning path
Exercises & quizzes
Cases
Workpapers
Exams
My progress

CalculationIntermediateVariant — group VG.IAS2.000201Published

Question · Costs of purchase

The coffee roaster Brévanne imports a container of green coffee. The invoiced purchase price is 62,000. Brévanne pays non-recoverable customs duties of 4,960 and port handling costs of 1,240. The supplier grants it a volume rebate of 3,100 on this container. Import VAT of 13,020 is fully recoverable. Compute the costs of purchase of the container.

Invoiced purchase price
62,000
Non-recoverable customs duties
4,960
Port handling
1,240
Volume rebate
3,100
Recoverable import VAT
13,020
Your answer

← Back to the concept