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:

Factor Rating

A method used in decision-making that involves assigning weightings to different factors or criteria and rating options to prioritize or select the best choice.

Labour Climate

The overall environment that affects the relationship, practices, and conditions under which employees work in a particular area or industry.

Taxes

Mandatory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.