Treated as expenses, Include cleaning, lubricating, and

Treated as expenses

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Reference no: EM13914126

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

Reference no: EM13914126

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