Which of the Following Is Included in the Cost of a Plant

question 161

Multiple Choice

Which of the following is included in the cost of a plant asset?

• A)amounts paid to make the asset ready for its intended use
• B)regular repair and maintenance costs
• C)replacement of damaged parts of the asset
• D)wages of workers who work use the asset in normal operations

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Definitions:

Capitalism

An economic system based on private ownership of the means of production and the creation of goods and services for profit.

Mass Media

Various means of communication, such as television, newspapers, and the Internet, that reach large audiences simultaneously and influence societal opinions and behaviors.

Functionalism

A theoretical framework in sociology and anthropology that explains social institutions and structures by their societal functions.

Conflict Theory

A theoretical framework in sociology that emphasizes the role of coercion and power in producing social order.