The farming cooperative Terralis acquires a licence for a plot-mapping tool at a list price of 150,000, less a trade discount of 5 %. It bears a non-refundable tax of 3,000 and VAT of 28,500, which it deducts. An independent geomatics specialist charges 5,500 to check that the tool renders the data correctly before it is used. Determine the initial cost of the licence.
- List price of the licence
- 150,000
- Trade discount
- 5 %
- Non-refundable tax
- 3,000
- Deductible VAT
- 28,500
- Fees for checking proper functioning
- 5,500