Accounting for Revenue and Capital Expenditures

  • shamim
  • August 1, 2023
  • 5 min read

In order to adequately maintain the docks and provide safe storage for its boats, ABC must routinely replace rotten or damaged boards on the docks. These costs are incurred as part of general maintenance and do not extend the life of the dock at all. This would be an ordinary repair, and the accountants at […]

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