Legal fees as part of acquisition costs

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  • August 18, 2017 at 3:22 pm #1605398
    Noorin
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    When calculation the acquisition cost for an equity investment it in case of purchasing a controlling interest are legal fees a part of acquisition costs ?

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  • August 21, 2017 at 12:03 pm #1608807
    Globetrotter
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    Noorin,

    I was looking at this very question yesterday. According to my Wiley book, audit fees, legal fees, finder's fees are expenses.
    BUT… brokerage commissions, transfer fees are a part of the cost and contribute to the investment asset.

    I am a bit confused about the difference between “finder's fees” and “brokerage fees”.

    Can anyone here help please?

    Thank you.

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