Examlex
Having an exclusive contract with a supplier or customer,or having patented useful technology are considered a(n) :
Ordinary Repairs
Routine maintenance expenditures necessary to keep an asset in operating condition without significantly enhancing its life or value.
Useful Life
The estimated period that an asset is expected to be useful in the operations of a business.
Operating Condition
Conditions or aspects related to the daily functionality and management of a business's core activities.
Capital Expenditure
Funds used by a company to acquire or upgrade physical assets such as property, plant, or equipment to improve its long-term operations.
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