Why are expenditures other than the net purchase price included in the cost of an asset?

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Question Posted: Dec 30, 2011 04:48 AM

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Why are expenditures other than the net purchase price included in the cost of an asset?

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Any expenditure incurred in the process of bringing an asset to oper...View the full answer

Accounting concepts and applications

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