In contrast to maintenance and repair expenditures, which are operating expenses, the improvement decision generally involves a capital expenditure meant to increase the value of the structure. Which of the following classifications of improvements calls for the restoration of a property to satisfactory condition without changing the floor plan, form, or style of the structure??
A)Rehabilitation
B) Remodeling
C) Adaptive reuse
D) Conversion

Question

Quizplus · Accepted Answer

Rehabilitation refers to restoring a property to a satisfactory condition without changing the floor plan, form, or style of the structure. It involves repairing or replacing outdated or worn-out elements of the building, such as the roof, mechanical systems, or electrical systems, in order to restore it to its original condition. Remodeling, on the other hand, involves changing the form or layout of a structure, while adaptive reuse and conversion involve changing the use of a property.

In Contrast to Maintenance and Repair Expenditures, Which Are Operating