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Today manufacturers are relying more heavily on
Ordinary Maintenance
Routine upkeep and repair of equipment and facilities to keep them in their original condition without significantly enhancing their value or extending their life.
Book Value
The net asset value of a company calculated by total assets minus intangible assets (patents, goodwill) and liabilities.
Market Value
The existing rate at which an asset or service can be sold or acquired.
Revenue Expenditure
Expenses incurred during the normal course of business that are expected to be consumed within the current accounting period.
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