Which of the following expenditures would be included in the cost of a fixed asset?
A) Uninsured theft
B) Vandalism
C) Sales taxes
D) Mistakes in installation

Question

Quizplus · Accepted Answer

Sales taxes are included in the cost of a fixed asset as they are directly related to the purchase of the asset. Uninsured theft, vandalism, and mistakes in installation are not part of the cost of the asset, but are considered expenses that may be covered by insurance or incurred separately.

Which of the Following Expenditures Would Be Included in the Cost