Final answer:
The statement is false. All costs necessary for preparing an asset for its intended use must be included in its recorded value, as required by generally accepted accounting principles.
Step-by-step explanation:
The statement that recorded values should not include all costs necessary to bring an asset to serviceable condition is false. According to generally accepted accounting principles (GAAP), companies are required to record all the costs that are necessary to get an asset ready for its intended use. This includes the purchase price, import duties, transportation charges, installation costs, and any other costs directly attributable to bringing the asset to the condition and location for its intended use.