All of the following costs would be included in the Equipment account when equipment is purchased EXCEPT ________.
A)the initial invoice amount
B)costs to have the equipment delivered
C)costs incurred to install the equipment
D)costs to maintain the operating condition of the equipment

Question

Quizplus · Accepted Answer

Costs to maintain the operating condition of the equipment are considered as operating expenses and are not included in the Equipment account. Only initial invoice amount, costs to have the equipment delivered, and costs incurred to install the equipment are included in the Equipment account.

All of the Following Costs Would Be Included in the Equipment