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What items in addition to cost may be added to the acquisition of the following plant assets land, machinery a?

What items in addition to cost may be added to the acquisition of the following plant assets: land, machinery and equipment, and buildings? In your opinion, what accounting challenges might these pose?

you may also add closing cost, improvments such as clearing and I’m pretty sure you can add professional fees as well. the biggest problem (as I can remember) was what you make your journal entry. (is it costs or exspense)

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One Response to “What items in addition to cost may be added to the acquisition of the following plant assets land, machinery a?”

  1. mrswearing Says:
    September 28th, 2009 at 11:49 pm

    you may also add closing cost, improvments such as clearing and I’m pretty sure you can add professional fees as well. the biggest problem (as I can remember) was what you make your journal entry. (is it costs or exspense)
    References :

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