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vodomira [7]
3 years ago
9

The acquisition costs of property, plant, and equipment do not include: a. The ordinary and necessary costs to bring the asset t

o its desired condition and location for use. b. The net invoice price. c. Legal fees, delivery charges, installation, and any applicable sales tax. d. Maintenance and repair expenditure during the first 180 days of use.
Business
1 answer:
Anna35 [415]3 years ago
6 0

Answer:

Maintenance costs during the first 30 days of use

Explanation:

As we know that

The asset are classified into three types i.e current asset, fixed assets, and the intangible asset

The fixed asset is also known as a long term asset which includes the plant & machinery, land & building, furniture & fixtures, etc

In addition, the purchasing price or acquisition cost of the land, plant and equipment covers the required costs used to get the asset in the desired condition and place of use, the net invoice price plus the legal fees, the shipping fees, the installation and any related sales tax, but the maintenance and repair expenses are not included in the purchase price for first 30 days of use

The last option is incorrect it should be 30 days instead of 180 days

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Answer: C. before Zhou invested Sebie prepared a detailed business and sales forcast, and provided Zhou with copies.

Explanation:

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An assertion by Serbia or clear declaration of having experience or working in floral retail to Zhoue is a basis for fraud.

The compensation of Zhoue with 25% return in the business which is less than her initial investment in the business is also a basis for fraud claim by Zhoue.

3 0
3 years ago
A system of accounting for manufacturing operations that produces timely information about inventories and manufacturing costs p
sasho [114]

Answer:

The answer is cost accounting system.

Explanation:

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5 0
3 years ago
Which of the following is not true of taxable asset purchases?
shutvik [7]

Answer:

e. None of the above

Explanation:

The taxable asset purchases allows the individual to increase or step up the tax basis of acquired assets so as to reflect the price of the purchases made.

If one buy an assets, then he or she wants to allocate total purchase price in a way which gives a favorable postacquisition tax results.

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6 0
3 years ago
The new growth theory states that A. technological advances are the responsibility of the government. B. the subsistence level i
EleoNora [17]

Answer:

C. technological advances are the result of discoveries and choices.

Explanation:

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The new growth theory states that technological advances are the result of discoveries and choices, rather than random choices. It explains the fact that new innovations and technological advancement are not the result of random chance, but they occur as a result of humans and their desire for new innovations.

Therefore option C is correct

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The assertion that "There is no free lunch" means that:
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Answer:

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