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Which of the following should be included in the acquisition cost of a piece of equipment? installation costs transportation costs testing costs prior to placing the equipment into production All of these choices are correct.

Respuesta :

Answer: All of these choices are correct.

Explanation:

Acquisition cost is the total amount of money incurred in purchasing an asset. The acquisition cost should include all the expenses that are incurred such as:

• installation costs

• transportation costs

• testing costs prior to placing the equipment into production

Therefore, the correct option is "All of the above".

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