Which of the following is an example of a betterment?
A)Changing the oil in an automobile.
B)Replacing a worn engine in a delivery van with a similar engine.
C)Obtaining an insurance policy with higher coverage on a building.
D)Adding an automatic sorter to a copy machine.
E)Repairing damage to a warehouse incurred in a windstorm.

Question

Quizplus · Accepted Answer

Adding an automatic sorter to a copy machine improves its functionality and capabilities, which is an example of betterment. Changing the oil, replacing a worn engine with a similar one, obtaining higher insurance coverage, and repairing damage do not necessarily result in an improvement or enhancement of the asset's value or functionality.

Which of the Following Is an Example of a Betterment