This is the all-in cost to purchase an asset, be it a piece of land or a property, plus the associated transfer cost. This includes appraisal fees, commission, credit report, attorney’s fees, documentation preparation, surveying, paying off liens, and other necessary expenditures before sales taxes. This amount is considered the property’s or the asset’s book value.
Acquisition cost
This is the all-in cost to purchase an asset, be it a piece of land or a property, plus the associated transfer cost. This includes appraisal fees, commission, credit report, attorney’s fees, documentation preparation, surveying, paying off liens, and other necessary expenditures before sales taxes. This amount is considered the property’s or the asset’s book value.
