ACCOUNTING FOR PROPERTY ACQUISITIONS - PURCHASE - 8631
(Revised: 10/2020)
Purchased capital assets/property are recorded at historical cost. Historical cost is the purchase price plus all related costs incurred to put the asset into place and make ready for its intended use.
Revisions
Search Entire Manual
Print Entire SAM Manual
Please bear with us, generating the entire SAM for printing will take approximately two minutes.