Costs That Maintain a Plant Asset in Its Present Condition

question 162

Multiple Choice

Costs that maintain a plant asset in its present condition should be ________.Costs that restore a plant asset to working order or its prior condition should be ________.

• A)capitalized;capitalized
• B)capitalized;expensed
• C)expensed;capitalized
• D)expensed;expensed

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Definitions:

Emergency Response Protocols

These are structured, pre-planned procedures and guidelines designed to be executed in reaction to emergency situations to mitigate harm and ensure safety.

High Chance

Indicates a situation or condition where there is a significant probability or likelihood of an event occurring.

High Impact

Actions, decisions, or events that have a significant effect or influence on a situation.

Emergency Response Protocols

Predefined plans and procedures activated in response to emergencies, aimed at mitigating risks and protecting assets, including people and property.