Respuesta :
The statement that the initial cost of property, plant, and equipment includes the purchase price and all expenditures necessary to bring the asset to its desired condition and location for use is true.
It should be noted that the initial cost that an organization incurs is vital in order to know the amount that will be charged for a particular product.
The initial cost has to do with the raw material used, equipments, property, etc. It also includes the transportation cost as other miscellaneous that are used for the production purpose.
All these must be taken into consideration and they're all the initial cost
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