Which Expense Below Would not Be Considered Part of the Cost

question 40

Multiple Choice

Which expense below would not be considered part of the cost of a tangible long-lived asset?

• A) the price paid for the property, plant, and equipment when purchased from the manufacturer
• B) commissions paid to the salesperson that sold the property, plant, and equipment
• C) taxes paid on the purchase price of property, plant, and equipment
• D) repaving a driveway to the building where the property, plant, and equipment is housed

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Definitions:

Feedback

Information given to someone about their performance, which can be used for confirmation or improvement.

Coaching

A developmental process where an experienced person, the coach, supports a learner or client in achieving a specific personal or professional goal.

Improvement

The process of making something better or more effective through changes or adjustments.

Coaching Technique

A method of guiding an individual or group towards achieving specific goals or improving performance through feedback, instruction, and encouragement.