Plant assets should be recorded at cost, including all normal and reasonable expenditures necessary to get the asset in place an

Question

marta [7]

3 years ago

11

Plant assets should be recorded at cost, including all normal and reasonable expenditures necessary to get the asset in place an

d ready for its intended use. This would include________. A. Insurance in transitB. TaxesC. Shipping charges

Business

1 answer:

sergey [27] · Answer 1 · 2021-12-26T18:38:47+03:00

sergey [27]3 years ago

6 0

Answer:

A, B, C

Explanation:

Plant assets should be recorded at cost, including all normal and reasonable expenditures necessary to get the asset in place and ready for its intended use. This would include Taxes, Insurance in transit and Shipping charges.