Question

Item10 1 points Time Remaining 50 minutes 15 seconds00:50:15 Item 10 Time Remaining 50 minutes 15 seconds00:50:15 A long-term asset is recorded at the: Multiple Choice Additional costs to get the asset ready for use. Cost of the asset. Cost of the asset less all costs necessary to the asset ready for use. Cost of the asset plus all costs necessary to the asset ready for use.

Answer 1

Cost of the asset plus all costs necessary to the asset ready for use.

Step-by-step explanation:

The long term asset such as plant & machinery, land & buildings, furniture & fixtures, goodwill, copyrights,patent should be recorded at the cost price also the cost that are required and relevant to the asset for the purpose of ready it for usage are also involved

So as per the given situation, the last option is correct

And, the same should be considered