Examlex
The trade in enslaved Africans was begun by the ____________ and ____________ as they developed overseas empires.
Ordinary Maintenance
Routine upkeep and repairs necessary to keep an asset operating under normal conditions.
Asset Improvements
Expenditures made to increase the service life or value of an asset without changing its original purpose.
Ordinary Maintenance
Routine maintenance and repairs that are performed to keep equipment in its normal operating condition.
Long-Lived Assets
Assets that provide economic benefits to a business for more than one fiscal year, such as buildings, machinery, and equipment.
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