India Balance sheet


Joined
Apr 4, 2016
Messages
2
Reaction score
0
Country
India
Which of the following costs would NOT be included in the cost of machinery?

• Invoice price

• Installation costs

• Testing of machinery prior to its intended use

• All of the above would be included.
 

Fidget

VIP Member
Joined
Jan 6, 2013
Messages
548
Reaction score
85
Country
United Kingdom
Tell you what, you take each of those top 3 in turn, tell us whether you think it should be included or not, and why... and we'll tell you if you're correct or not.
 
Ad

Advertisements

Joined
Mar 7, 2016
Messages
27
Reaction score
4
Country
United States
Nope.

All are included. Anything that is required to "put an asset into service" is included in the cost of that asset.

Also included would be shipping and taxes, if applicable.
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top