Maintenance costs for capital assets are deducted in the year the amount is paid or incurred.

Name: Maintenance costs for capital assets are deducted in the year the amount is paid or incurred.
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Quizplus · Accepted Answer

Maintenance costs for capital assets are considered an expense and are deductible in the year they are paid or incurred. This helps to offset the cost of maintaining the asset and ensure its continued usefulness over time.

Maintenance Costs for Capital Assets Are Deducted in the Year