When determining the cost of a capital asset,the _______ is the sum of everything that you spend to acquire and prepare the asset for its first productive use.
A) acquisition cost
B) costs of owning
C) costs of disposition
D) costs of operating

Question

Quizplus · Accepted Answer

The acquisition cost is the total cost of acquiring and preparing a capital asset for its first productive use. This includes purchase price, delivery costs, installation costs, and any other costs incurred to get the asset ready for use.

When Determining the Cost of a Capital Asset,the _______ Is