Choose "yes" or "no" as applicable for each of the following items to indicate whether the...

Choose "yes" or "no" as applicable for each of the following items to indicate whether the cost can appropriately be debited to the plant asset ledger account.

Transportation costs to ship the asset to our facilities. (Y/N)

Set up and installation costs of the asset. (Y/N)

Insurance while the asset is in transit to our facilities. (Y/N)
Insurance while the asset is being run during routine operations. (Y/N)

Costs to train employees on how to use the new asset. (Y/N)

Costs to tear down and remove an old building on a recently purchased parcel of land. (Y/N)

Back due real estate taxes on a recently purchased parcel of land. (Y/N)

Repairs and maintenance during routine use. (Y/N)

Solutions

Expert Solution

a.Transportation costs to ship the asset to our facilities	Yes
b.Set up and installation costs of the asset	Yes
c.Insurance while the asset is in transit to out facilities	Yes
d.Insurance while the asset is being run during routine operations	no
e.cost to train employees on how to use the new asset	No
f.costs to tear down and remove an old building on a recently purchased parcel of land	Yes
g.back due real estate taxes on a recently purchased parcel of land	yes
h.repairs and maintenance during routine use	no

ekkarill92 answered 2 years ago

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