Questions: Select all that apply Which of the following are expenditures for assets subsequent to acquisition? Additions Freight charges Improvements Repairs and maintenance

The expenditures for assets subsequent to acquisition include:

• Additions
• Improvements

Explanation for each option:

1. Additions: These are expenditures that increase the capacity or efficiency of an asset or extend its useful life. They are considered capital expenditures and are added to the asset's book value.

2. Freight charges: These are typically considered part of the initial acquisition cost of an asset, not subsequent expenditures. Therefore, they do not apply in this context.

3. Improvements: These are expenditures that enhance the value or extend the useful life of an asset. Like additions, they are capitalized and added to the asset's book value.

4. Repairs and maintenance: These are expenditures that maintain the asset in its current condition and do not extend its useful life or increase its capacity. They are typically expensed as incurred and not capitalized.

In summary, the expenditures for assets subsequent to acquisition are Additions and Improvements.