8. Long Lived Assets
Ordinary Repairs vs. Capital Improvements
Open Question
Open QuestionCategorize the following repairs on a truck as a Capital Expenditure or Ordinary Expense:
1. Major engine overhaul:
2. Oil change:
3. Replacement of windshield:
4. Modification of the body of the truck:
5. Addition to storage capacity of the truck:
6. Paint job:
![](/channels/images/assetPage/verifiedSolution.png)
Video duration:
2mPlay a video:
296
views
1
rank
1
comments
Was this helpful?
Related Videos
Related Practice