Costs that do not extend a plant asset's capacity or its useful life,but merely maintain the asset or restore it to working order are recorded as:

Question

Quizplus · Accepted Answer

Costs that maintain or restore plant assets are generally considered regular expenses and are not capitalized as part of the cost of the asset. These costs are expensed in the period in which they are incurred to reflect the true nature of the expense and to properly match expenses with revenue.

Costs That Do Not Extend a Plant Asset's Capacity or Its