Additions and improvements are costs that are incurred to maintain the asset's operating efficiency, productive capacity, or expected useful life.

Name: Additions and improvements are costs that are incurred to maintain the asset's operating efficiency, productive capacity, or expected useful life.
Brand: Quizplus
Rating: 4.8 (42 reviews)

Question

Quizplus · Accepted Answer

Additions and improvements are costs incurred to increase an asset's operating efficiency, productive capacity, or expected useful life, beyond its original assessment, not just to maintain it.

Additions and Improvements Are Costs That Are Incurred to Maintain