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Cost of the asset

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    Wendy C.
    AU
    Wendy C.

    The cost of the asset is more than just the asset alone. All the costs incurred e.g installation, training (if relevant) are all included in the cost of the asset.

    Anton A.
    JM
    Anton A.

    What is the cost of an asset?

    Samuel F.
    ZA
    Samuel F.

    What is the difference between cost and expense?

    Samuel F.
    ZA
    Samuel F.

    What is a deferred cost?

    Harrison A.
    AT
    Harrison A.

    An asset's cost is considered to be all of the costs of getting an asset in place and ready for use. Therefore, the labour cost of installing a new machine is considered to be part of the assets cost and not an immediate expense of the period.

    Harrison A.
    AT
    Harrison A.

    Should we see wages and salaries as asset cost ?

    Zachary B.
    US
    Zachary B.

    What is the cost of the asset?

    Zachary B.
    US
    Zachary B.

    What is the cost of the asset?

    Zachary B.
    US
    Zachary B.

    What does costof the asset mean?

    Diamond T.
    US
    Diamond T.

    What does costof the asset mean?

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