Accounting
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Boundless Accounting
Controlling and Reporting of Real Assets: Property, Plant, Equipment, and Natural Resources
Components of Asset Cost
Accounting Textbooks Boundless Accounting Controlling and Reporting of Real Assets: Property, Plant, Equipment, and Natural Resources Components of Asset Cost
Accounting Textbooks Boundless Accounting Controlling and Reporting of Real Assets: Property, Plant, Equipment, and Natural Resources
Accounting Textbooks Boundless Accounting
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Accounting
Concept Version 6
Created by Boundless

Cost of Equipment

The cost of equipment includes all costs paid to put the asset into use.

The cost of equipment includes all costs paid to put the asset into use.

Equipment is listed in a separate section within the balance sheet.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "Farming Equipment."
    http://commons.wikimedia.org/wiki/File:Farming_Equipment.jpg Wikimedia CC BY-SA.

Related Terms

  • property, plant, and equipment
  • International Accounting Standard
  • book value
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