The cost of an engine tune-up is an example of which of the following expenditures after acquisition?
A)Ordinary repairs and maintenance.
B)Additions.
C)Improvements.

Question

Quizplus · Accepted Answer

An engine tune-up is considered an ordinary repair and maintenance expense, which is incurred to keep the asset in its original condition and functioning properly. It does not significantly prolong the useful life or increase the value of the asset, making it different from improvements or additions.

The Cost of an Engine Tune-Up Is an Example of Which