Which of the Following Is Not True of Ordinary Repairs

question 25

Multiple Choice

Which of the following is not true of ordinary repairs?

• A) They primarily benefit the current accounting period.
• B) They can be referred to as revenue expenditures.
• C) They maintain the expected productive life of the asset.
• D) They increase the productive capacity of the asset.

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Definitions:

Extravert

A personality trait characterized by outgoingness, high levels of sociability, and a preference for external stimulation.

Introvert

An individual who tends to be more focused on internal thoughts and feelings rather than seeking external stimulation.

Behaviorism

Behaviorism is a theory of learning based on the idea that all behaviors are acquired through conditioning and that the environment shapes behavior.

Social-cognitive Perspective

A psychological approach that highlights the importance of cognitive functions in interpreting social actions.