Name three ways of posting acquisition cost to a fixed asset master?
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Answer Posted / Kirti Verma
1. Direct Posting: Acquisition cost can be posted directly to the Fixed Asset Master when a new asset is created or an existing asset is modified. 2. Capitalization of Costs: Costs incurred during the production of an asset can be capitalized and posted to the Fixed Asset Master once the asset is completed. 3. Accumulation of Costs: Costs can be accumulated over time and then posted to the Fixed Asset Master when a certain threshold is reached.
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