A repair that extends the useful life of an asset would be considered a(n):
A) extraordinary repair.
B) ordinary repair.
C) betterment.
D) capital expense.
A) extraordinary repair.
You might also like to view...
Which of the following is not one of methods used by GAAP for treating value changes?
a. Recognize value changes on the balance sheet and income statement when they are realized in a market transaction b. Recognize value changes in the income statement when the value changes occur over time, but recognize them on the balance sheet when they are realized in a market transaction c. Recognize value changes on the balance sheet when the value changes occur over time, but recognize them in the income statement when they are realized in a market transaction d. Recognize value changes on the balance sheet and income statement when they occur over time, even though they are not realized in a market transaction
Which of the following is not identified by Beardwell (2006) as a type of recruitment agency activity:
a. contingency b. advertised selection c. search d. random screening
With which of the following would you associate these words: ‘the environment determines success, not the resources controlled’?
a. Penrose b. Machiavelli c. Pericles d. Porter
Most workplace messages are A) sent via text message
B) placed on Post-It notes in the employees' lounge. C) positive or neutral. D) long and ambiguous.