____ is a repair expense for rental property rather than a capital improvement.

Question

Quizplus · Accepted Answer

Painting the kitchen is considered a repair expense because it is a routine maintenance task that will need to be done periodically to keep the property in good condition. It does not significantly increase the value of the property or prolong its useful life. The other options: remodeling the garage into a game room, adding a new patio, and building a sidewalk, are all examples of capital improvements, as they add value to the property and extend its useful life.

____ Is a Repair Expense for Rental Property Rather Than