Which of the following would most likely not be recorded as ordinary repairs and maintenance?
A)Fixing a tear in the carpet in the sales department offices.
B)Mending a leaky roof.
C)Putting a hydraulic lift on a delivery truck,making it easier and quicker to deliver appliances.
D)Painting the exterior of the factory building.

Question

Quizplus · Accepted Answer

Putting a hydraulic lift on a delivery truck would be considered a capital expenditure rather than ordinary repairs and maintenance. It is an improvement to the asset rather than just maintaining its existing condition. A, B, and D would all be recorded as ordinary repairs and maintenance.

Which of the Following Would Most Likely Not Be Recorded