assignment content\npage 11 of 20\nquestion 11\n5 points\nthe cost of repairing damage to a machine during…

assignment content\npage 11 of 20\nquestion 11\n5 points\nthe cost of repairing damage to a machine during installation is debited to a fixed asset account.\na true\nb false\nclear sele\ncon

assignment content\npage 11 of 20\nquestion 11\n5 points\nthe cost of repairing damage to a machine during installation is debited to a fixed asset account.\na true\nb false\nclear sele\ncon

Answer

Brief Explanations:

Fixed - asset costs should include only the necessary costs to get the asset ready for its intended use. Damage repair during installation is not a necessary cost for the asset's intended use. It is an avoidable cost due to mishandling and should be expensed (debited to an expense account) rather than capitalized (debited to a fixed - asset account).

Answer:

B. False