78 MC Qu.08.172 (AlgeMohr Company purchases machine fire a ahahat is also Eas a posial us to the new use r tr - o o o o o e TB MC Qu. 08-115 (Static) Which of the following pertaining... Which of the following pertaining to ordinary repairs is false? Multiple Choice They are expenditures to keep an asset in good operating condition Their costs are reported as expenses on the current-period Income statement O They extend the useful life of an asset beyond its original estimate by several years. They include activities such as cleaning, lubricating, and changing oil They are treated as expenses