Velora buys from a foreign vendor complaints-management software invoiced at 80,000, on which it obtains a rebate of 4,000. It pays non-refundable import duties of 2,400 and VAT of 15,200, which it fully recovers. The salaries of Velora's IT staff assigned to configuring the software, before it goes live, amount to 6,000. What is the cost of the intangible asset?
- Invoiced price of the software
- 80,000
- Rebate obtained
- 4,000
- Non-refundable import duties
- 2,400
- Recoverable VAT
- 15,200
- Internal configuration salaries before going live
- 6,000