Changes That Make a Property More Valuable, Such as Painting

question 83

Multiple Choice

Changes that make a property more valuable, such as painting, adding shelves, or new lighting are known as ______.

• A) leasehold improvements
• B) capital improvements
• C) asset improvements
• D) deductible expenses

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Definitions:

Same Product

Refers to goods or services that are identical in features, quality, and performance, providing no substantial difference to consumers.

Discriminating

The practice of unjustly distinguishing and treating individuals differently based on characteristics such as race, gender, or age.

Welfare of Society

A measure of the overall well-being and quality of life of the population, encompassing economic, social, and environmental dimensions.

Bridge Project

An engineering endeavor aimed at constructing a bridge, which is a structure built to span physical obstacles without closing the way underneath.