Question 1: What are the costs to include in the initial valuation of fixed assets?
Question 2: How would you report them?
Question 3: Provide an example from among property, plant, and equipment, as well as other costs you can identify as should be included.
Answer must be based on Intermediate Accounting.
Reference:
Intermediate Accounting, 12e
ISBN: 0471749559 Author: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
copyright © 2007 John Wiley & Sons, Inc.