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book Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin cover

Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

Edition 7ISBN: 978-0073376301
book Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin cover

Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

Edition 7ISBN: 978-0073376301
Exercise 42
All of the following are characteristics of a value-added tax system except:
A) Value-added taxes are taxes on consumption.
B) The end user pays value-added taxes.
C) Value-added taxes are charged at each stage of product development.
D) Value-added taxes are charged only on the raw materials for product development.
Explanation
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It is the end user who bears the real bu...

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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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