Which of the following is NOT considered in determining the original cost of an asset?

To determine the original cost of an asset, various components contribute to the total expense incurred to acquire the asset and prepare it for use. The original cost typically includes the purchase price, any transportation charges, and any insurance related to the delivery of the asset.

Subsequent repair costs, however, are not included in the calculation of the original cost. These costs arise after the asset has been placed into service and relate to maintaining the asset's operational condition, rather than the initial investment made to acquire and prepare it for use. As assets age and require repairs, these costs are categorized as expenses in the income statement rather than as part of the asset's original cost on the balance sheet.

Thus, the original cost focuses on the initial expenditures directly related to acquiring the asset and bringing it into a usable condition, while repair costs are ongoing expenses that occur later in the asset's life.