All of the following are included in the acquisition cost of equipment except
A)maintenance costs one year after purchase.
B)installation costs.
C)transportation costs.
D)sales tax.
E)cost to unbox and repair prior to use.

Question

Quizplus · Accepted Answer

Maintenance costs one year after purchase are not considered as part of the acquisition cost of equipment. The acquisition cost includes the purchase price, installation costs, transportation costs, sales tax, and any other costs incurred in getting the equipment to its desired location and ready for use. Repair costs before use are typically covered under the purchase price or installation costs.

All of the Following Are Included in the Acquisition Cost