Acquisition Cost Accounting Definition
The Acquisition Cost of an Asset is the cost incurred to acquire the asset. This includes the purchase price, import duties, and any other associated costs. Once the asset is acquired, it is recorded on the balance sheet at its Acquisition Cost.
The term ‘Acquisition Cost’ can also refer to the cost of acquiring a new customer or client. This includes the costs of marketing and sales efforts, as well as any commissions or fees paid to acquire the new business.
