Examlex
Which of the following is not a rule for proper use of abbreviations?
Repairs
Expenditures to restore property or equipment to its previous operating condition without materially adding to its value.
Primarily Rental
This refers to income or property that is mainly used for rental purposes, often generating rental income for the owner.
Primarily Personal
Describes expenses or activities mainly for individual or non-business purposes.
Personal/Rental
Pertaining to property that is used for personal purposes at times and rented out at others, often affecting tax implications.
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