Classify each of the following as:
-Exterior and interior painting
A)Ordinary maintenance and repairs
B)Asset improvements
C)Extraordinary repairs

Question

Quizplus · Accepted Answer

Exterior and interior painting are generally considered part of ordinary maintenance and repairs to keep the property in good condition. They are not typically considered asset improvements, which involve making significant upgrades to the property, or extraordinary repairs, which involve major restoration or reconstruction due to damage or deterioration.

Classify Each of the Following As