Business Personal Property Rendition- How do I determine original cost?

Business Personal Property Rendition- How do I determine original cost?

How do I determine original cost?
To determine original cost, refer to your accounting records, such as original journal entries and account ledgers. Use original purchase documents, such as invoices or purchase orders to determine the original cost of the asset. Add all costs attributed to getting the asset functioning, such as freight and set-up cost.


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