Home » Accounts (Principles of Accounts) » When a business incurs labour cost in installing a fixed asset, the cost is treated…When a business incurs labour cost in installing a fixed asset, the cost is treated… When a business incurs labour cost in installing a fixed asset, the cost is treated as A. additional cost to the asset B. business wages and salaries C. installation cost of the asset D. business cost of the asset Correct Answer: Option A Explanation Related Posts Which of the following is not a debit entry in the Bought Ledger? In a period of inflation, which of the following method normally gives a closing closing… When the going concern concept is no longer applicable, the fixed assets are recorded at… Use the following information to answer the (begin{array}{c|c} July & 1 & text{cash in hand,… The corresponding entry of personal accounts found in the debit side of the cash is… A trial balance is a list of
