The cost of an engine tune-up is an example of which of the following expenditures taking place after acquisition of the asset:
A) Additions.
B) Improvements.
C) Maintenance.
D) Rearrangements.

Question

Quizplus · Accepted Answer

A tune-up is a maintenance expense, which aims to keep the engine in good working order. It is not an addition or improvement, which adds to the asset's value or extends its useful life. Neither is it a rearrangement, which involves changes in the asset's location or structure.

The Cost of an Engine Tune-Up Is an Example of Which