The Cost of Equipment Would Include the Cost of Test

question 108

True/False

The cost of equipment would include the cost of test runs to see that the equipment is operating properly.

---

Definitions:

Retained Earnings

The cumulative amount of net income earned by a company that is kept or retained within the company for future use, rather than being paid out as dividends.

Total Assets

The sum of all assets owned by a company, including both current and non-current assets, as represented on the balance sheet.

Appropriation

The process of setting aside funds for a specific use or purpose by a company, organization, or government.

Corporation's Affairs

The various activities, decisions, and policies related to the management and operation of a corporation.