Select the account to which each of the following costs would be debited. (Choices may be used more than once.)
-transportation charges related to the acquisition costs of a new piece of machinery

Question

Quizplus · Accepted Answer

Transportation charges related to the acquisition costs of a new piece of machinery are capitalized as part of the machinery's cost. Therefore, these costs would be debited to the Machinery and Equipment account, increasing its value on the balance sheet.

Select the Account to Which Each of the Following Costs