Freight Costs Incurred When a Long-Lived Asset Is Purchased Should

question 114

Multiple Choice

Freight costs incurred when a long-lived asset is purchased should generally be

• A)expensed in the period incurred.
• B)deducted from the accumulated depreciation account.
• C)added to the cost of the asset.
• D)not recorded in the accounts.

---

Definitions:

Checklist

A list of items to be checked or tasks to be completed, used as a reminder to ensure that all necessary steps or components are considered.

Prospects' Objections

Concerns or issues raised by potential buyers that can hinder the sales process and need to be addressed to move towards a sale.

Professional Selling

The process of engaging clients or customers in a business context to promote and exchange goods or services for value.

Personal Communication

Direct exchange of information or messages between two or more individuals through verbal or non-verbal means.