Examlex
From birth to age two or three
Asset Improvements
Expenditures made to increase the service life or value of an asset without changing its original purpose.
Ordinary Maintenance
Routine maintenance and repairs that are performed to keep equipment in its normal operating condition.
Long-Lived Assets
Assets that provide economic benefits to a business for more than one fiscal year, such as buildings, machinery, and equipment.
Architect
A professional who designs buildings and in many cases also supervises their construction.
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