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Question 7 4 pts The main difference between spending on ordinary repairs and extraordinary repairs (capital spending on an asset is: extraordinary repairs only maintain
Question 7 4 pts The main difference between spending on ordinary repairs and extraordinary repairs (capital spending on an asset is: extraordinary repairs only maintain the asset for a short time, whereas ordinary repairs increase the usefulness of assets beyond their original condition extraordinary repairs are expenditures, not expenses. ordinary repairs cost less. ordinary repairs are expenditures for routine maintenance and upkeep, whereas capital spending or extraordinary repairs increase an assets economic usefulness, or lengthen its life
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