Question

Expenditure on plant and machinery purchased is which cost

Answer 1

Hey Mate ✌️✌️


Expenditure on plant and machinery purchase is explicit cost ,because opportunity cost of purchasing inputs from the market .


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Answer 2

HEY MATE ☺️

HERE IS YOUR ANSWER..
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
EXPENDITURE ON PLANT AND MACHINERY PURCHASED IN COST BECAUSE OF OPPORTUNITY ON COST OF PURCHASING FROM THE MARKET.

HOPE IT HELPS YOU ☺️✌️❤️