Extraordinary repairs
A)are revenue expenditures.
B)extend an asset's life beyond the original estimate.
C)are expensed as incurred.
D)are credited to accumulated depreciation.

Question

Quizplus · Accepted Answer

Extraordinary repairs are major repairs that extend an asset's life beyond the original estimate. These repairs are considered capital expenditures and are not expensed immediately, but rather capitalized and depreciated over their useful life.

Extraordinary Repairs