The initial cost of property, plant, and equipment includes all the identifiable expenditures necessary to bring the asset to its desired condition and location for use.

Question

Quizplus · Accepted Answer

This statement is true. The initial cost of property, plant, and equipment includes all identifiable expenditures such as purchase price, transportation costs, installation costs, and any other necessary expenses to bring the asset to its desired condition and location for use.

The Initial Cost of Property, Plant, and Equipment Includes All