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Veterinary Practice Manager

Category - CVPM

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If Highland Park Animal Hospital purchases a new blood chemistry analyzer, which of the following expenses associated with acquiring the new equipment is a proper charge to the asset account?

Freight
Installation costs
Both A & B
Neither A or B

Explanation

Answer: C- Both A & B, freight and installation costs are expenses associated with acquiring the new equipment, and therefore can be charged to the asset account.

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