Chapter 13 – Asset Management

… Vehicles/Furniture/Equipment - Examples of Expenditures to be Capitalized Original contract or invoice price Freight charges Import duties Handling and storage charges In-transit insurance charges Sales, use, and other taxes imp …

… es, and any apparatus necessary to make the asset usable and render it into service. Acquisition costs also include freight and transportation charges, site preparation costs, and professional fees. a. Trade-in allowances do not reduce an …