Which of the following would not be considered part of the cost of equipment recently purchased?
A) Sales tax.
B) Transportation charges.
C) Installation and setup charges.
D) All three are capitalized costs.

Question

Quizplus · Accepted Answer

All three options - sales tax, transportation charges, and installation and setup charges - would be considered part of the cost of equipment recently purchased and would be capitalized as such. Therefore, option D is incorrect as it states that all three are not capitalized costs.

Which of the Following Would Not Be Considered Part of the Cost