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Which of the following expenses is not included in
 the acquisition cost of a plant and equipment?

a)Financing costs incurred subsequent to the period after plant and equipment is put to use.
b)Delivery and handling charges
c)Installation costs
d)Cost of site preparation
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Which of the following expenses is not included inthe acquisition cost...
The cost of equipment, vehicles, and furniture includes the purchase price, sales taxes, transportation fees, insurance paid to cover the item during shipment, assembly, installation, Delivery and handling charges and all other costs associated with making the item ready for use.
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Most Upvoted Answer
Which of the following expenses is not included inthe acquisition cost...
Answer A was correct because the financing cost incurred after the asset is put to use that's why we cannot considered it.
But if this cost incurred before asset put to use then it will be included..
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Community Answer
Which of the following expenses is not included inthe acquisition cost...
The answer is based on Cost Concept in which historical cost is considered not the cost which is incurred after the asset put to use So it only includes only the expenses which are incurred to put the asset in use or working condition
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Which of the following expenses is not included inthe acquisition cost of a plant and equipment?a)Financing costs incurred subsequent to the period after plant and equipment is put to use.b)Delivery and handling chargesc)Installation costsd)Cost of site preparationCorrect answer is option 'A'. Can you explain this answer?
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Which of the following expenses is not included inthe acquisition cost of a plant and equipment?a)Financing costs incurred subsequent to the period after plant and equipment is put to use.b)Delivery and handling chargesc)Installation costsd)Cost of site preparationCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following expenses is not included inthe acquisition cost of a plant and equipment?a)Financing costs incurred subsequent to the period after plant and equipment is put to use.b)Delivery and handling chargesc)Installation costsd)Cost of site preparationCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following expenses is not included inthe acquisition cost of a plant and equipment?a)Financing costs incurred subsequent to the period after plant and equipment is put to use.b)Delivery and handling chargesc)Installation costsd)Cost of site preparationCorrect answer is option 'A'. Can you explain this answer?.
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