All amounts paid to acquire a long lived-asset and to get it ready for its intended use are referred to as:

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The cost of an asset includes all amounts paid to acquire the asset and to get it ready for its intended use, such as purchase price, freight costs, installation costs, and any other costs necessary to bring the asset to its current condition for use. Option A, immediate expenses refer to expenses that are incurred as part of day-to-day operations and are typically expensed in the period they occur. Net book value refers to the value of an asset on the balance sheet after accumulated depreciation. Salvage value refers to the estimated value an asset will have at the end of its useful life.

All Amounts Paid to Acquire a Long Lived-Asset and to Get