Gross cost refers to the initial expenditure necessary to acquire an asset, without taking into account any subsequent income, benefits, or deductions.
A comprehensive exploration of investing activities, a critical heading in the cash-flow statement highlighting cash flows related to asset acquisitions or disposals, as mandated by Financial Reporting Standard 1.
Basis refers to the amount representing the taxpayer's cost in acquiring an asset, used for computing gain or loss on sale, exchange, and depreciation purposes.
A lump-sum purchase is the acquisition of two or more assets for a single price. This article explains the allocation of the acquisition price based on the relative fair market values of the assets.
Detailed entry on Original Cost in accounting, including definitions, types, historical context, and practical applications within both general and public utilities accounting.
A detailed explanation of like-kind exchanges, including their definition, examples, advantages, disadvantages, historical context, and applicable tax regulations.
