repairs and maintenance vs capital expenditure: How to Account for Repairs & Maintenance Under GAAP Chron com

Contents: What are Maintenance Expenses? Online services Income and deductions for business Equipment repairs and/or purchase of parts over $5,000 which increase the usefulness and efficiency of the equipmentcan be capitalized. In such cases, the custody code, commodity code 00330, capital equipment Account code, and existing equipment tag number should be entered in BearBuy. Repair …

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