Describe the costs that would be included in recording the acquisition costs of the following....
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Accounting
Describe the costs that would be included in recording the acquisition costs of the following. Ignore interest for this question. We will get to that below.
a) Land
b) Buildings
c) Equipment
d) Self-constructed assets
e) Describe how a firm accounts for interest incurred associated with the construction of PPE during construction. Just provide a conceptual overview, we will get to a comprehensive example next.
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