Ordinary repairs meet all of the following criteria except:
a Are expenditures to keep an asset in normal operating condition.
b Are necessary if an asset is to perform to expectations over its useful life.
c Extend the useful life of an asset beyond its original estimate.
d Include cleaning, lubricating, and normal adjusting.
e Are treated as expenses.
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
(Save $1 )
One time Pay
(Save $5 )
Billed Monthly
*First month only
You can see the logs in the Dashboard.
