Expenditures of a periodic, routine nature incurred to maintain the asset in its existing condition are referred to as:

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Expenditures of a periodic, routine nature incurred to maintain the asset in its existing condition are referred to as immediate expenses or operating expenses. Capital expenditures refer to expenses incurred to acquire or improve long-term assets, while betterments refer to expenses incurred to improve the quality or productive capacity of the asset. Equity expenditures are not a commonly used term in accounting.

Expenditures of a Periodic, Routine Nature Incurred to Maintain the Asset