Object purchase price

Definition

The total price paid for an object at acquisition, including taxes for which the purchase is liable. Associated with the Object number. If no individual prices are known for specific objects in the group (eg a lot bought at auction), use Group purchase price.

How to record

Use local currency. Convert any non-local currency into local, using the exchange rate at date of acquisition.

Examples

750.00

Use

An object can only have one Object purchase price recorded.

Information group

Acquisition information

Date created: 2017

Author: Collections Trust

Publisher: Collections Trust