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Question 170 - CIS-HAM discussion

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Taxes paid at the time of purchase are what type of cost?

A.
Original Cost
Answers
A.
Original Cost
B.
Operating Expense
Answers
B.
Operating Expense
C.
Operating Cost
Answers
C.
Operating Cost
D.
Capital Expense
Answers
D.
Capital Expense
Suggested answer: A

Explanation:

According to the ServiceNow Hardware Asset Management documentation, original cost is the amount paid to acquire an asset, including any taxes, fees, shipping, installation, or other expenses directly related to the purchase. Original cost is used to calculate depreciation and amortization of an asset over its useful life. The other options are not the type of cost that taxes paid at the time of purchase are. Operating expense, operating cost, and capital expense are different ways of classifying the costs of using and maintaining an asset after it is purchased.

asked 23/09/2024
SERGIO FREITAS
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