Which Expense Below Would Not Be Considered Part of the Cost

question 45

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

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Definitions:

Durkheim

Emile Durkheim was a pioneering sociologist who made significant contributions to the study of society, including theories on social cohesion and the functions of rituals.

Society Changes

Refers to the evolution and transformation of social structures, norms, values, and behaviors over time in a community or society.

Power in Society

The ability to influence or outright control the behavior of people and the course of events within a community or society at large.

Industrial Societies

Societies characterized by a reliance on mechanized labor to create goods, resulting in a shift from agricultural economies to manufacturing economies.