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Phil in Marketing got a call from Fred at regional headquarters."Phil,I just got the quarterly sales report for your district.You beat your quota again,you son of a gun!" This is an example of a
Maintenance Costs
Expenses incurred in the upkeep of assets, ensuring they continue to operate effectively without significant degradation or failure.
Capital Expenditure
Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment to improve its long-term service potential.
Repairs Expense
Costs incurred in the maintenance of assets to keep them in their original condition, without adding to their value or extending their life.
Maintenance Expense
Costs incurred to keep property, equipment, or assets in efficient operating condition.
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