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Accounting & Finance
 Online Tutoring : Forum : Quiz Questions - Economics & Business Studies : Accounting & Finance
Topic Topic: Acquisition cost plus all costs necessary... Post ReplyNew Question
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Joined: 26 June 2005
Posts: 918
Posted: 20 November 2005 at 3:32pm | IP Logged Quote System

The historical cost of acquiring an asset includes...
    A.   only those costs incurred to bring it to the condition and location necessary for its intended use.
    B.   only the acquisition cost.
    C.   acquisition cost plus all costs necessary to bring it to the condition and location necessary for its intended use.
    D.   no shipping charges.
    E.   None of the above.
 QUIZ QUESTION #1651 created by Tutor11700 on 03 November 2005 at 9:57am

Correct answer: C    Correct clicks: 66.22%  Wrong clicks: 33.78%
    A.   [10 clicks 13.51%] 
    B.   [14 clicks 18.92%] 
    C.   [49 clicks 66.22%] 
    D.   [1 clicks 1.35%] 
    E.   [0 clicks 0.00%] 
Please discuss this quiz question.
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