Examples of Ordinary repairs and maintenance in a sentence
Ordinary repairs and maintenance are expensed as incurred; major replacements and betterments, which improve or extend the life of the asset, are capitalized and depreciated over their estimated useful lives.
For cost-reporting purposes, repairs and maintenance expenses are categorized as ordinary or extraordinary repairs.a. Ordinary repairs and maintenance are defined as outlays for parts, labor, and related supplies that are necessary to keep an asset in operating condition, but neither add materially to the use value of the asset nor prolong its life appreciably.
Ordinary repairs and maintenance may be undertaken without a certificate of appropriateness provided that work on a property in a historic district or a landmark does not noticeably change its exterior appearance that is visible to the public.
Ordinary repairs and maintenance, such as unit cleaning, painting and appliance repairs, are expensed when incurred.
Ordinary repairs and maintenance is identified as: Any work the purpose of which is to correct deterioration or to prevent deterioration of designated historic property.
Ordinary repairs and maintenance costs are charged to the income statement during the financial period in which they are incurred.
Ordinary repairs and maintenance are identified as: Any work the purpose of which is to correct deterioration or to prevent deterioration of designated, historic property.
Ordinary repairs and maintenance may be undertaken without a certificate of appropriateness provided that work on a property in a historic district or a landmark does not noticeably change the construction materials or exterior appearance that is visible to the public.
For cost-reporting purposes, repairs and maintenance expenses are categorized as ordinary or extraordinary repairs.a. Ordinary repairs and maintenance are defined as outlays for parts, labor, and related supplies that are necessary to keep an asset in operating condition, but neither add materially to the use value of the asset nor prolong its lifeappreciably.
Ordinary repairs and maintenance expenses are recognised in the income statement in the financial period in which they are incurred.