An expenditure for which of the following items would be considered a revenue expenditure?
A) Plant assets
B) Ordinary repair
C) Addition
D) Betterment

Question

Quizplus · Accepted Answer

Ordinary repairs are considered revenue expenditures as they are necessary to maintain the normal operating condition of an asset and do not increase its useful life or productivity. Plant assets, additions, and betterments are considered capital expenditures as they add value to the asset or extend its useful life.

An Expenditure for Which of the Following Items Would Be