What must be included to make an asset ready for its intended use?

To determine what must be included to make an asset ready for its intended use, it's essential to consider all the costs that contribute to getting the asset operational. This encompasses not only the purchase cost (the invoice cost) but also additional costs necessary for the asset to function as intended.

The correct choice incorporates the invoice cost along with delivery and installation costs. The invoice cost is the amount paid to acquire the asset, but additional expenses often arise once the asset is purchased. Delivery costs are incurred to transport the asset to its location, and installation costs are necessary to set up the asset for use. If either the delivery or installation is neglected, the asset will not be ready for its intended operation, thus failing to meet the definition of readiness.

Including these costs ensures that the total capitalized cost of the asset reflects all necessary expenditures for functionality. This comprehensive approach to asset valuation aligns with accounting principles related to capitalizing costs associated with the acquisition and readiness of fixed assets.