1. What is the meaning of the term acquisition cost of operating assets? Give some examples of costs that should be included in the acquisition cost. 2. Why is it important to account separately for...

1. What is the meaning of the term acquisition cost of operating assets? Give some examples of costs that should be included in the acquisition cost.

2. Why is it important to account separately for the cost of land and building even when the two assets are purchased together?

May 26, 2022