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repairs and maintenance expense definition and …

Website URL: https://www.accountingcoach.com/terms/R/repairs-and-maintenance...

Category: Charter Flights

The costs incurred to bring an asset back to an earlier condition or to keep the asset operating at its present condition (as opposed to improving the asset). For example, if a company truck is damaged, the cost to repair the damage is immediately debited to repairs and maintenance expense. Routine ...

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