Select the account to which each of the following costs would be debited. (Choices may be used more than once.)
-sales taxes paid related to a machine purchased

Question

Quizplus · Accepted Answer

Sales taxes paid related to a machine purchased are considered part of the machine's cost and therefore are debited to the Machinery and Equipment account. This is because such costs are necessary to bring the asset to its intended use.

Select the Account to Which Each of the Following Costs