Match each key term with its definition. Estimate of amount to be recovered at the end of an asset's useful life Choose... . Choose... Repairs to keep a plant asset in normal, good operating condition; treated as a revenue expenditure and immediately expensed. Major repairs that extend the useful life of a plant asset beyond prior expectations; treated as a capital expenditure. Expenditures to make a plant asset more efficient or productive; also called improvements. Choose... Choose... Choose... Choose... Betterments Ordinary Repairs Extraordinary Repairs Salvage Value