Which of the Following Costs Generally Would Be Capitalized to a Property

question 20

Multiple Choice

Which of the following costs generally would be capitalized to a property, plant and equipment account?

• A) Interest on debt incurred to purchase the item
• B) Property taxes relating to periods after acquisition
• C) Import duties incurred on purchases
• D) freight-out

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Definitions:

Secondary Gains

Advantages or benefits that occur secondary to stated or diagnosed illness, which may contribute to the perpetuation of the illness.

Primary Gain

In psychodynamic theory, the gain people achieve when their somatic symptoms keep their internal conflicts out of awareness.

Testifying

The act of giving evidence as a witness, usually under oath, in a court of law.

Court

A governmental institution authorized to resolve legal disputes between parties and administer justice in civil, criminal, and administrative matters.