This represents the price of an asset, including the cost it would take to acquire that asset. It also means that an expenditure is recorded as an asset, instead of as an expense, appearing on the balance sheet instead of the income statement.
This represents the price of an asset, including the cost it would take to acquire that asset. It also means that an expenditure is recorded as an asset, instead of as an expense, appearing on the balance sheet instead of the income statement.