The following costs should be included in the asset's original cost basis installation charges, shipping charges and repairs prior to putting the asset in service.
An asset is a resource having economic worth that a person, organization, or nation owns or manages with the hope that it may someday be useful. A company's balance sheet lists its assets. They are acquired or produced to raise a company's worth or enhance its operations.
Personal assets are items that an individual or family owns that have current or future value. Personal assets include things like cash and cash equivalents, CDs, checking and savings accounts, money market accounts, actual cash, and Treasury notes.
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