Tr company conducts business exclusively in state v which, Ask an Expert

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TR Company conducts business exclusively in State V, which levies a 5% sales and use tax on goods purchased or consumed in-state. This year, TR bought equipment in State B. TR also bought machinery in State D. The cost of the machinery was $200,000, and TR paid $7,000 sales tax to State D.

A. How much use tax does TR Company owe to State V with respect to the equipment bought in State B?

B. How much usetax does TR company owe to State V with respect to the machinery bought in State D?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91975600

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