Which of the following would NOT be considered an addition to the capital cost of an asset?
A) HST paid on the asset
B) insurance paid when the asset was in transit from the supplier
C) installation fee when asset is delivered
D) freight costs paid by the purchaser

Question

Quizplus · Accepted Answer

HST (Harmonized Sales Tax) paid on the asset is typically recoverable as an input tax credit and is not added to the capital cost of the asset.

Which of the Following Would NOT Be Considered an Addition