Costs That May Be Included in the Cost of Acquisition

question 11

Multiple Choice

Costs that may be included in the cost of acquisition of property, plant and equipment assets include: $$\begin{array} { | l | c | c | c | c | } \hline & \text { I } & \text { II } & \text { III } & \text { IV } \\\hline \text { Site preparation } & \text { No } & \text { Yes } & \text { Yes } & \text { Yes } \\\hline \text { Initial delivery and hardling costs } & \text { No } & \text { Yes } & \text { Yes } & \text { No } \\\hline \text { Installation and assernbly costs } & \text { No } & \text { No } & \text { Yes } & \text { Yes } \\\hline \text { Testing whether the asset is functioning } & \text { No } & \text { No } & \text { Yes } & \text { Yes } \\\hline\end{array}$$

• A) I.
• B) II.
• C) III.
• D) IV.

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Definitions:

Étienne-Jules Marey

A French scientist and chronophotographer, whose work is significant in the development of motion pictures.

Eadweard Muybridge

An English photographer important for his pioneering work in photographic studies of motion and early work in motion-picture projection.

Public Exhibition

The act of showing artworks, films, or other forms of creative output to the general public in galleries, theaters, or other accessible spaces.

Leland Stanford

An American industrialist, politician, and founder of Stanford University, known for his significant contribution to the development of the California railroad system.