Determine the acquisition cost of an asset, Accounting Basics

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Determine the acquisition cost of an asset

Response to the following questions:

1. When a company purchases several assets for a single lump sum, what principle does it use for cost apportionment? Why is it necessary to apportion the cost?

2. How does a company determine the acquisition cost of an asset when it acquires the asset in exchange for securities?

If possible, please give examples to better understand your response.

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Accounting Basics: Determine the acquisition cost of an asset

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Accounting Basics: Determine the acquisition cost of an asset

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