Innove Tech is a technological firm that wants to build a global service delivery system. It has consulted a larger firm, Ziff C
orp., to obtain the proven technology required to establish this system. In the context of the costs of useful information, Innove Tech has incurred _____.
When Innove Tech is obtaining the technology from Ziff Corp.they are incurring acquisition cost.
Acquisition cost is the cost incurred for obtaining a property or asset including shipping, installation, taxes, customer fees, and testing.
The total cost of acquisition is what will be recorded as the book value.
For example if a software is purchased for $200,000. Installation and training cost is $30,000, the book value recorded for the software will be $230,000.
A business should consider the acquisitioncosts as those used to purchase any kind of equipment or property. Costs are calculated for discounts, bonuses, closing costs and other expenditures included in this context. Costs of acquisitions do not include sales tax.
<span>On-scene security, Protection, and Law
Enforcement</span>
On-scene security, Protection, and Law
Enforcement entails conducting appropriate measures to ensure the
protection of the health and safety of the public and workers, as well as the
environment, from all hazards in support of the responder operations and the
affected community