An entity acquires a perpetual licence for design software at a list price of 200,000, on which the vendor grants a trade discount of 10 %. It bears a non-refundable tax of 6,000 and VAT of 36,000, which it fully recovers. A contractor charges 9,000 to install the software and bring it to working condition. What is the cost of the intangible asset?
- List price of the licence
- 200,000
- Trade discount
- 10 %
- Non-refundable tax
- 6,000
- Recoverable VAT
- 36,000
- Installation fees
- 9,000