Ordinary Repairs Are Expenditures to Maintain the Operating Efficiency of a Plant

question 256

Multiple Choice

Ordinary repairs are expenditures to maintain the operating efficiency of a plant asset and are referred to as

• A) capital expenditures.
• B) expense expenditures.
• C) improvements.
• D) revenue expenditures.

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Definitions:

Minimum Standards

The least or lowest level of quality, performance, or achievement that is considered acceptable.

Childhood Trauma

Psychological distress occurring in a person due to adverse childhood experiences.

Mental Health Issues

A wide range of conditions affecting an individual’s mood, thinking, behavior, leading to distress or problems functioning in social, work or family activities.

Zero Tolerance

A policy of not allowing any violations of a particular rule or standard, typically in regard to misconduct.