Ordinary Repairs Meet All of the Following Criteria Except

question 91

Multiple Choice

Ordinary repairs meet all of the following criteria except:

• A)Are expenditures to keep an asset in good operating condition.
• B)Are necessary if an asset is to perform to expectations over its useful life.
• C)Extend the useful life of an asset beyond its original estimate by several years.
• D)Include cleaning,lubricating,and normal adjusting.
• E)Are treated as expenses.

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Definitions:

Personality Traits

Enduring characteristics or qualities that define an individual's patterns of thought, emotion, and behavior.

Situational Constraints

External factors or circumstances that limit actions, behaviors, or opportunities within a given environment.

Cognitive Dissonance

The mental discomfort experienced by an individual who holds two or more contradictory beliefs, values, or ideas simultaneously.

Attitudes

A learned tendency to evaluate things in a certain way, which can include evaluations of people, issues, objects, or events.