Which of these items will not be capitalized along with the Asset
A)Installation charges .
B)Annual repair and maintenance .
C)Statutory levies .
D)Freight and insurance

Question

Quizplus · Accepted Answer

Annual repair and maintenance costs are considered operating expenses rather than capital expenditures. They are not capitalized along with the asset because they are incurred to maintain the asset's current condition rather than to enhance its value or extend its life.

Which of These Items Will Not Be Capitalized Along with the Asset