Question: The primary difference between ordinary and extraordinary repairs is that extraordinary repairs O are an expense of the current period. O are periodic in nature.

The primary difference between ordinary and extraordinary repairs is that extraordinary repairs O are an expense of the current period. O are periodic in nature. J Oare necessary to maintain the asset in good operational condition. O extend the useful life or increase the residual value of the asset.

The primary difference between ordinary and extraordinary repairs is that extraordinary repairs are an expense of the current period. are periodic in nature. are necessary to maintain the asset in good operational condition. extend the useful life or increase the residual value of the asset

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