Question $5(0\mathrm{.}2$ points$)$

Why should the expenditures for repairs and maintenance correspond to the level of investment in capital

equipment and to the age and condition of that requirement?

It is a generally accepted accounting principle that repairs and maintenance expense is generally

between $5\%$ and $10\%$ of fixed assets.

Inadequate repairs of equipment can impair the operating success of a business enterprise.

Repairs and maintenance are depreciated over the remaining life of the assets involved.

Repairs and maintenance expense is calculated in the same manner as depreciation expense.