Multiple Choice
All of the following payments were made by UIB Co.for machinery the company bought and used during the year.Which of these expenditures should NOT be capitalized?
A) a payment made to install the machinery at the factory
B) the cost of electricity to operate the machine for the first year of use
C) the cost of insurance while the machine was in transit from the seller's warehouse
D) the costs of testing the machine in preparation for use
Correct Answer:
Verified
Correct Answer:
Verified
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