In general, how does one determine whether or not an expenditure should be included in the acquisition cost of property, plant, and equipment?


The acquisition cost of property, plant, and equipment includes all expenditures deemed reasonable and necessary to prepare the asset for its intended purpose (use) and place.

Business

You might also like to view...

Suppose that Germany levies a tariff on oranges, but none are grown in Germany. This tariff has

a. only a protective effect. b. only a revenue effect. c. both a protective effect and revenue effect. d. no effects on trade.

Business

Clearwater Hampers is a small British company that sells luxury food and drink in various combinations in picnic hampers. Food and wine are seen as classic, fail-safe gifts in a market where present-buying is increasingly tricky. Corporate customers, both in the United Kingdom and abroad, are important to the business. Clearwater has had several orders for more than a quarter of a million dollars. According to the company's leading salesperson, Peter Austin, "We have lots of repeat corporate customers as a result of the importance we place on getting the hampers out on time and filled with the right products."When Austin asks a prospective CEO to imagine how pleased his customers will be when they receive a custom-designed picnic hamper from Clearwater, Austin is using:

A. a prestige suggestion. B. counter-offering. C. logical reasoning. D. empathy. E. autosuggestion.

Business

What are words such as wow, oh, oops, and shh called?

a. prepositions b. interjections c. conjunctions

Business

If you were Miss Kohli, how would you convince Mr. Srivastava that individual performance improves when people know how they are doing?

What will be an ideal response?

Business