Examlex
Which of the following should be included in the acquisition cost of a piece of equipment?
Equipment
Tangible property used in the operation of a business, not intended for sale, such as machinery, computers, and tools.
Natural Resources
Assets that are found in nature and are used for economic gain, such as oil, forests, minerals, or water.
Depletion Expense
An accounting approach for allocating the cost of extracting natural resources from the earth over the period of their extraction.
Real Estate
Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature.
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