Which of the following costs would not be included in the co

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Which of the following costs would not be included in the cost of equipment? Installation Annual insurance Testing Freight

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Which of the following costs would not be included in the cost of equipment?

1. Installation
2. Annual insurance
3. Testing
4. Freight

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Answer:

b .

Step-by-Step explanation

Insurance of the equipment is not included in the asset's cost. Therefore, installation cost, testing, and, freight cost all are the part of equipment's cost.

Hence, option b is correct.

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