Indicate which of the following items would not be added to Class 14.1.
A)Cost of fines and penalties.
B)Cost of government rights with an unlimited life.
C)Appraisal costs associated with intangible capital assets.
D)Cost of amending the articles of incorporation of an existing company.
E)Cost of customer lists.

Question

Quizplus · Accepted Answer

Cost of fines and penalties would not be added to Class 14.1 as they are not considered capital expenditures but rather expenses that arise from non-compliance with laws or regulations, and thus do not provide a lasting economic benefit like intangible capital assets do.

Indicate Which of the Following Items Would Not Be Added