Which of the Following Is Not a Characteristic of an Ordinary

question 97

Multiple Choice

Which of the following is not a characteristic of an ordinary repair?

• A) An expense of the current period.
• B) Periodic in nature.
• C) Necessary to maintain the asset in good operational condition.
• D) Extends the useful life or increases the residual value of the asset.

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Definitions:

Expected Rate

The anticipated return on an investment over a specific period, often used for forecasting.

Inflation

A rise in the general price levels of goods and services in an economy over a period of time.

Labor Force

The total number of people who are of working age (typically 16 years and over), capable of, and seeking employment.

Discouraged Workers

Individuals who are not actively looking for employment because they believe no jobs are available for them.