Multiple Choice
What is the difference between an extraordinary repair and a betterment?
A) A betterment extends the life of the asset; an extraordinary repair does not.
B) An extraordinary repair is a capital expenditure; a betterment is not.
C) An extraordinary repair may extend the life of the asset; a betterment does not.
D) None of these answers is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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