The acquisition costs of tangible operational assets do not include:
A)The ordinary and necessary costs to bring the asset to its desired condition and location for use.
B)The net invoice price.
C)Legal fees, delivery charges, installation, and any applicable sales tax.
D)Maintenance costs during the first 30 days of use.

Question

Quizplus · Accepted Answer

Maintenance costs during the first 30 days of use are considered operating expenses and are not part of the acquisition costs of tangible operational assets. The other options listed, including the net invoice price, legal fees, delivery charges, and installation costs, are all typically considered part of the acquisition costs of these assets.

The Acquisition Costs of Tangible Operational Assets Do Not Include