Which of the following would NOT be included in the cost of an item of property, plant, and equipment? Select one: a. the purchase price net of any trade discounts and rebates b. costs of obligations associated with the asset’s eventual disposal c. costs of training employees to use the asset d. delivery costs
Which of the following would NOT be included in the cost of an item of property, plant, and equipment? Select one: a. the purchase price net of any trade discounts and rebates b. costs of obligations associated with the asset’s eventual disposal c. costs of training employees to use the asset d. delivery costs
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter17: Advanced Issues In Revenue Recognition
Section: Chapter Questions
Problem 20GI: If the sellers performance creates on asset (e.g., work in progress) that the customer controls as...
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Question
Which of the following would NOT be included in the cost of an item of property, plant, and equipment?
Select one:
a. the purchase price net of any trade discounts and rebates
b. costs of obligations associated with the asset’s eventual disposal
c. costs of training employees to use the asset
d. delivery costs
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