Subsequent Capital Expenditures are: 1) Modifications to a new asset to make it more efficient. 2) Major repairs that extend the service life of a capital asset beyond original expectations; treated as a betterment. 3) Repairs made to keep a capital asset in its normal, good operating condition. 4) An expenditure that should appear on the current income statement as an expense and be deducted from the period's revenues because it does not provide a material benefit in future periods. 5) Outflows or the using up of assets as a result of the central operations of a business