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Simple English definitions for legal terms
acquisition cost
Read a random definition: in cursu rebellionis
A quick definition of acquisition cost:
Acquisition cost: The cost of obtaining something. This is the amount of money or resources that are needed to acquire or purchase something. For example, if you buy a car, the acquisition cost would be the price you paid for the car.
A more thorough explanation:
Definition: The cost of acquiring something.
Example: The acquisition cost of a car includes the purchase price, taxes, and any fees associated with obtaining a loan.
This term refers to the total cost of obtaining something, whether it be a physical object or an intangible asset like a business or intellectual property. The example provided illustrates how the acquisition cost of a car includes all expenses associated with obtaining it, not just the initial purchase price.