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

Correct Answer: Option A

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