Discuss which of the following should be included in the cost of equipment: (a) installation charges, (b)

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Discuss which of the following should be included in the cost of equipment: (a) installation charges, (b) freight charges, (c) cost of building foundations, (d) new parts needed to replace those damaged while unloading, (e) borrowing costs incurred to finance the purchase of the equipment. What is the general principle to be followed in determining what should be included in the cost of property, plant and equipment?

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Related Book For  answer-question

Accounting

ISBN: 978-1118608227

9th edition

Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett

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