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When a business incurs labour cost in installing a fixed asset, the cost is treated...

Accounts - Principles of Accounts
JAMB 1994

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
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Correct Answer: Option A
Explanation
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JAMB CBT Mobile App 2025 - Free Download
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
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