Accounting - Cost of the asset
Cost of the asset
The cost of the asset is more than that, it also includes costs involved
in bringing the asset into the business. For example, if you buy a Pizza
Oven then it may cost $10 000 to buy (invoice price), however, there may
also be a $5000 cost of installation - electric charges, the concrete base
and so on. The cost of the Pizza Oven is $15 000.
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