All amounts paid to acquire an asset and to get it ready for its intended use are referred to as:

Name: All amounts paid to acquire an asset and to get it ready for its intended use are referred to as:
Brand: Quizplus
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Quizplus · Accepted Answer

The cost of an asset includes all amounts paid to acquire it and to get it ready for its intended use, encompassing purchase price, installation costs, and any other initial costs necessary to bring the asset to a condition and location for its intended use.

All Amounts Paid to Acquire an Asset and to Get