0
Interest may be included in the acquisition cost of a plant asset?
Wiki User
∙ 11y ago
yes
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is the real asset?
Plant Assets are included in this.
What is the recordable cost of a plant asset?
The record able cost of a plant asset is most likely the cost of the plant asset at acquisition. This would include equipment costs, training of employees, sales taxes, freight costs, and the like.
The balance in the Accumulated Depreciation account represents the?
amount charged to expense since the acquisition of the plant asset.
The balance of accumulated depreciation account represents the?
amount charged to depreciation expense since the acquisition of the plant asset.
The acquisition costs of property plant and equipment should include all normal reasonable and necessary costs to get the asset in place and ready for use true or false?
true
What is plant asset Discuss the three types of plant asset?
Property, plant, and equipment
Is plant asset intangible?
No it is tangible.
Is it true that the original cost of a plant asset includes only the amount paid the vendor for the plant asset?
It is the amount of time it takes for you to cause an erect plant to ejaculate. You do not count the time where the plant is flaccid. You begin counting the cost of the asset once it has become erect.
What is a plant asset on the balance sheet?
Plant asset is the machinery asset which a business use to make units of products for selling purpose to generate revenue for business.
When a plant asset is acquired by issuance of common stock the cost of the plant asset is properly measured by the?
Type your answer here... par value of the stock
Is plant asset and current assets the same?
NO
Is accounts receivables a fixed asset or intangible asset?
The answer is neither one. Accounts receivable are a current asset; neither an intangible asset (e.g. goodwill) nor a fixed asset (e.g. plant and equipment).
