Question: The primary difference between ordinary repairs and extraordinary repairs is: Multiple Choice ordinary repairs cost less. ordinary repairs are expenditures for routine maintenance and upkeep,
The primary difference between ordinary repairs and extraordinary repairs is:
Multiple Choice
ordinary repairs cost less.
ordinary repairs are expenditures for routine maintenance and upkeep, whereas extraordinary repairs increase an assets economic usefulness in the
future through increased efficiency, capacity, or longer life.
extraordinary repairs only maintain the asset for a short time, whereas ordinary repairs increase the usefulness of assets beyond their original
condition.
extraordinary repairs are expenditures, not expenses.
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