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LekaFEV [45]
3 years ago
9

Costs of Acquiring Fixed Assets

Business
2 answers:
Zepler [3.9K]3 years ago
8 0

Answer:

The answer is given below:

Explanation:

a.

1.Yes

2.Yes

3.Yes

4.Yes

5.Yes

6. Yes

b.

7.No

8.Yes

9.Yes

10.No

11.No

12.No

As a rule of thumb,those costs which increase the value or useful life of asset should be capitalized where as those costs that are incurred to maintain the usage of asset are revenue expenditure and should be charged to income statement not the asset.

Olegator [25]3 years ago
7 0

Answer:

Yes

Yes

Yes

No

Yes

Yes

Yes

Yes

Yes

No

Yes

No

Explanation:

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