Explain why repairs are expensed whereas betterments are capitalized.

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Financial Accounting A Critical Approach

ISBN: 978-1259066528

4th edition

Authors: John Friedlan

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Question Posted: Feb 26, 2015 11:30 AM

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Explain why repairs are expensed whereas betterments are capitalized.

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Repairs are expensed because they dont provide any future benefits to t...View the full answer

Financial Accounting A Critical Approach

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