Question

The initial cost of property, plant, and equipment includes the purchase price and all expenditures necessary to bring the asset to its desired condition and location for use. True

Answer 1

True

Step-by-step explanation:

The purchase cost or we can say the initial cost is the cost that includes the acquiring cost, and all expenditures so that the company could bring its desired condition and the location usage so that it would produce maximum products which result in maximizing the sales revenues of the company and help the company to gain the competitive advantage

Hence, the given statement is true.