Which of the following would not be capitalized as part of a purchased asset's cost?
A)Sales tax
B)Installation cost
C)Shipping costs
D)Interest costs

Name: Which of the following would not be capitalized as part of a purchased asset's cost? A)Sales tax B)Installation cost C)Shipping costs D)Interest costs
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Question

Quizplus · Accepted Answer

Interest costs are not capitalized as part of a purchased asset's cost, as they are considered finance expenses rather than part of the asset's acquisition cost.

Which of the Following Would Not Be Capitalized as Part