Acquisition cost of property, plant, and equipment is the cash-equivalent purchase price plus all reasonable and necessary expenditures made to acquire and prepare the asset for its intended use.

Name: Acquisition cost of property, plant, and equipment is the cash-equivalent purchase price plus all reasonable and necessary expenditures made to acquire and prepare the asset for its intended use.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is the definition of acquisition cost of property, plant and equipment as per accounting principles.

Acquisition Cost of Property, Plant, and Equipment Is the Cash-Equivalent