Total Asset Acquisition Cost (TCA)
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An Total Asset Acquisition Cost (TCA) is a total cost of an asset including the net price plus other necessary costs to get it ready to use.
- Context:
- It can include legal fees, discounts, commissions, closing cost as well as all the cost associated with research, transportation, installation of the asset.
- …
- Counter-Example(s):
- See: Net Price, Taxation, Closing Costs.
References
2021
- (Wikipedia, 2021) ⇒ https://en.wikipedia.org/wiki/Total_cost_of_acquisition Retrieved:2021-11-3.
- Total cost of acquisition (TCA) is a managerial accounting concept that includes all the costs associated with buying goods, services, or assets. [1] Generally, it is the net price plus other costs needed to purchase the item and get it to the point of use. These other costs can include: the item's purchasing costs (closing, research, accounting, commissions, legal fees), transportation, preparation and installation costs. [2]
Typically they do not include training, system integration costs that might be considered operational costs.
- Total cost of acquisition (TCA) is a managerial accounting concept that includes all the costs associated with buying goods, services, or assets. [1] Generally, it is the net price plus other costs needed to purchase the item and get it to the point of use. These other costs can include: the item's purchasing costs (closing, research, accounting, commissions, legal fees), transportation, preparation and installation costs. [2]
- ↑ Standard definitions
- ↑ Paquette, Larry, (2004). The Sourcing Solution. AMAMOC, New York, 109-115
2016
- CDER Library v1.5.1.
- QUOTE: Acquisition cost means the cost of the asset including the cost to ready the asset for its intended use. Acquisition cost for equipment, for example, means the net invoice price of the equipment, including the cost of any modifications, attachments, accessories, or auxiliary apparatus necessary to make it usable for the purpose for which it is acquired. Acquisition costs for software includes those development costs capitalized in accordance with generally accepted accounting principles (GAAP). Ancillary charges, such as taxes, duty, protective in transit insurance, freight, and installation may be included in or excluded from the acquisition cost in accordance with the non-Federal entity's regular accounting practices.
- (CBED, 2016) ⇒ Cambridge Business English Dictionary - Definition of “acquisition cost” from the Cambridge Business English Dictionary, (c) Cambridge Univerty Press: http://dictionary.cambridge.org/dictionary/english/acquisition-cost
- QUOTE: Definiton acquisition cost:
ACCOUNTING - the final price of an asset including legal costs, transport, and discounts (= money taken off the price), but not including taxes:
The purchaser will be able to deduct before tax the acquisition cost of trading stock and work in progress.
MARKETING - all the costs connected with getting a new customer for a business:
customer/subscriber acquisition costs. The company's marketing and customer acquisition costs were high .
- QUOTE: Definiton acquisition cost: