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true or falser The cost of a plant asset includes all amounts paid to ready the asset for its intended use.

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ayokenny2001

It is true that the cost of a plant asset includes all amounts paid to ready the asset for its intended use.

What is historical cost of plant?

The cost of plant assets includes all expenditures necessary to acquire the asset and make it ready for its intended use.  The initial cost that an organization incurs is vital in order to know the amount that will be charged for a particular product.

The above means that once cost is established, a company uses that amount as the basis of accounting for the plant asset over its useful life.

Hence, It is true that the cost of a plant asset includes all amounts paid to ready the asset for its intended use.

Learn more about historical cost of plant here : https://brainly.com/question/24868116

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