Unformatted text preview: Acquisition Cost of Tangible Assets - The acquisition cost of long-lived assets is the
cash-equivalent purchase price — Includes incidental costs to complete the purchase,
transport the asset, and prepare it for use - The acquisition cost of land includes — The purchase price — The cost of land surveys — Legal fees — Title fees and transfer taxes — Demolition costs of old structures ...
View Full Document
- Fall '07
- Financial Accounting