The Cost of a PP&E Asset Is the

Multiple Choice

The cost of a PP&E asset is the

A) sum of all costs incurred to obtain the asset.
B) sum of all reasonable and necessary costs incurred to obtain the asset and prepare it for use.
C) list price of the asset minus any prompt payment discount offered to the buyer.
D) list price of the asset minus salvage value plus freight and installation charges.
E) purchase price of the asset minus freight charges paid by the buyer.