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Ordinary Maintenance
Ordinary maintenance involves the routine upkeep and repairs necessary to maintain assets in their current condition, without significantly enhancing their value or extending their life.
Asset Improvements
Expenditures made to increase the service life, operating efficiency, or productive capacity of an asset.
Ordinary Maintenance
Routine upkeep and repairs to keep equipment and facilities in working order, as opposed to major renovations or upgrades.
Accumulated Depreciation
The total amount by which an asset's value has been written down over time to reflect wear, tear, or obsolescence.
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