Answered

Which cost is excluded from
the base cost of an asset?
a. Repair costs
b. Advertising costs
c. Improvement costs
d. Valuation costs



Answer :

GinnyAnswer

Final answer:

Repair costs are excluded from the base cost of an asset.


Explanation:

Repair costs are excluded from the base cost of an asset. While costs like advertising costs, improvement costs, and valuation costs may be capitalized as part of the asset's cost, repair costs are typically expensed as incurred.


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