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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 8
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Cost of Improvements

An example of an asset improvement can be the addition of a logo to a delivery truck.

An example of an asset improvement can be the addition of a logo to a delivery truck.

The cost of the improvement adds value to the asset.

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Related Terms

  • cost principle
  • capital improvements
  • historical cost
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