Acquisition Cost - The net invoice price of purchased property, including any attachments or accessories needed to make the property usable for the purpose for which it was acquired. Related charges such as taxes, freight, or installation should be included or excluded from acquisition cost in accordance with the recipient’s regular accounting practices.
Acquisition cost of an item of purchased equipment means the net invoice unit price of the property including the cost of modifications, attachments, accessories, or auxiliary apparatus necessary to make the property usable for the purpose for which it was acquired. Other charges such as the cost of installation, transportation, taxes, duty or protective in-transit insurance, shall be included or excluded from the unit acquisition cost in accordance with the grantee's regular accounting practices.
The total cost of acquiring an investment property, consisting of the purchase price plus other costs of acquisition such as closing costs, legal fees, title insurance, acquisition fees and due diligence costs. Acquisition cost includes only direct costs related to a specific property acquisition and does not include costs of running an acquisition program such as general and administrative costs, costs incurred in analyzing proposals that are rejected, joint-venture organization costs, etc.
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.
Acquisition Cost has been defined 8 different ways in documents like Electronic Code of Federal Regulations, Title 14, Part 1273, Subpart A, OSMRE Federal Assistance Manual 2010, Regulation 97.3 Definitions, and 5 more.