upprunakostnaður

Upprunakostnaður refers to the initial cost incurred when acquiring or creating an asset. This cost includes all expenses directly attributable to bringing the asset to its intended location and condition for use. For tangible assets, this typically encompasses the purchase price, import duties, non-refundable taxes, and any costs directly incurred in getting the asset to the site, such as delivery, installation, and setup. For internally generated intangible assets, upprunakostnaður might include research and development costs, legal fees for patent registration, and costs associated with preparing the asset for sale or use. It is a fundamental accounting concept used in determining the initial carrying value of an asset on a company's balance sheet. This initial valuation is crucial as it forms the basis for subsequent depreciation or amortization calculations and influences the calculation of gains or losses when the asset is eventually sold. Upprunakostnaður does not typically include costs incurred after the asset is in use, such as maintenance or repair expenses, which are generally treated as period costs.