The acquisition costs of property, plant, and equipment do not include:

a. legal fees, delivery charges, installation, and any applicable sales tax.
b. the net invoice price.
c. maintenance costs during the first 30 days of use.
d. the ordinary and necessary costs to bring the asset to its desired condition and location for use.

c. Maintenance costs during the first 30 days of use.

Explanation:

Total assets involve current assets, fixed assets, and intangible assets Current assets contain cash, stock, receivable account, etc.

Fixed assets include plant & machinery, land, equipment, furniture & equipment, etc.

And the intangible assets include patents copyrights, goodwill, and many more.

The purchase cost of fixed assets includes installation fees, legal fees, net invoice price, other charges for putting the asset to its place of use.

However, the first 30 days of use it do not involve any maintenance costs.

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.

answer; competency based pay;