The official business definition of Acquisition Cost is the total cost associated with obtaining a new asset or business. This cost includes all expenses incurred in the process of acquiring the asset or business, such as legal fees, taxes, and any other costs associated with the transaction. It also includes the cost of any financing used to purchase the asset or business. Acquisition Cost is an important metric for businesses, as it provides an accurate measure of the total cost of acquiring an asset or business. This cost can be used to compare the cost of acquiring different assets or businesses, and can also be used to determine the overall cost of a company’s operations. Acquisition Cost is also used to determine the return on investment of an asset or business, as it provides an accurate measure of the total cost of acquiring the asset or business.