The cost of a factory machine includes all of the following costs except:
A) invoice price.
B) shipping costs paid by the buyer.
C) one-year insurance policy on the machine.
D) testing and installation cost.

Question

Quizplus · Accepted Answer

The cost of a factory machine typically includes the invoice price, shipping costs, and testing and installation costs. However, a one-year insurance policy on the machine is considered an operating expense, not part of the machine's cost.

The Cost of a Factory Machine Includes All of the Following