Understanding Fixed Asset Cost for Trucks: A Comprehensive Guide

The story goes that Mr. Ba, the owner of a construction material store in Long Bien District, Hanoi, always dreamed of owning a truck to facilitate the transportation of goods. Finally, that day arrived, and he purchased a brand new Hyundai HD99 truck from a dealership on Nguyen Van Linh Street. Upon receiving the truck, he excitedly told everyone that he had just acquired a valuable “treasure,” truly “gold” because of its sky-high “fixed asset cost.”

So, what exactly is the “fixed asset cost” of a truck? Why is it so important? This article will delve into this concept in detail, as well as highlight important considerations when buying or selling a truck.