In General,a Cost Incurred in Conjunction with a Long-Term Asset

question 9

Multiple Choice

In general,a cost incurred in conjunction with a long-term asset is included in the long-term asset account when the cost

• A)is incurred subsequent to asset use.
• B)exceeds a certain dollar amount.
• C)is incurred prior to asset use.
• D)will expire in less than one year.

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