Repair work that generates a capital expenditure because it extends a plant asset's useful life past the normal expected life is known as an extraordinary repair.

Name: Repair work that generates a capital expenditure because it extends a plant asset's useful life past the normal expected life is known as an extraordinary repair.
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Question

Quizplus · Accepted Answer

An extraordinary repair is a repair that extends the useful life of a plant asset beyond its expected life and generates a capital expenditure.

Repair Work That Generates a Capital Expenditure Because It Extends