Opportunity costs are forgone profits, and U.S.GAAP and IFRS recognize this cost as part of an assets acquisition cost.

Name: Opportunity costs are forgone profits, and U.S.GAAP and IFRS recognize this cost as part of an assets acquisition cost.
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Question

Quizplus · Accepted Answer

Opportunity costs are not recognized as part of an asset acquisition cost by U.S. GAAP or IFRS. Acquisition costs usually include the purchase price, taxes, and any other directly attributable costs.

Opportunity Costs Are Forgone Profits, and U