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

question 32

Multiple Choice

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:

• A)capital expenditures.
• B)expenses.
• C)extraordinary repairs.
• D)modification of assets.

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Definitions:

Beliefs

The convictions or acceptance that something exists or is true, especially without proof.

Attitudes

Psychological tendencies expressed by evaluating a particular entity with some degree of favor or disfavor.

Deliberate Attitude

An attitude formed through conscious reasoning and reflection, rather than automatic or instinctive responses.

Positive Attitude

A mental state involving optimistic and constructive thoughts, feelings, and expectations about life situations.