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Categories explained: Repairs & Maintenance

Steven Anderson avatar
Written by Steven Anderson
Updated over a week ago

This includes all the costs you incur when bringing an asset of the company back to its earlier condition or to keep it operating at the level it has always performed.

What's included

Re-painting the truck after getting in a minor accident.

Oil changes or tune ups.

What's not included

Improvements paid to enhance the quality or function of a fixed asset.

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