Revenue expenditures are expenditures to keep assets in normal operating condition.

Name: Revenue expenditures are expenditures to keep assets in normal operating condition.
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

Revenue expenditures are ongoing expenditures incurred to maintain the functioning and efficiency of assets, such as routine repairs and maintenance expenses which are necessary to keep assets in normal operating condition. These expenses are typically recurring and are not major investments in the assets themselves.

Revenue Expenditures Are Expenditures to Keep Assets in Normal Operating