Question

_______ are expenditures that keep an asset in good operating condition. They are necessary if an asset is to perform to expectations over its useful life.

Answer 1

Blank is expenditures that keep an asset in good operating condition. They are necessary if an asset is to perform to expectations over its useful life.

Improvement

Improvement (improvement) is the cost of making a facility more efficient or productive. They are capitalized (added to the cost of fixed assets). Abnormal repairs extend the useful life of an asset beyond its originally estimated useful life.

Regular repairs are the cost of keeping an asset in good working order. Regular repairs do not extend the useful life of an asset beyond its initial estimate or increase productivity beyond its initial expectations.

Expenditures to keep assets under normal operating conditions. These are necessary for an asset to function as expected during its useful life. They are treated as expenses. Spending makes facilities more efficient or productive

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