Which of the Following Accurately Describes the Treatment of Ordinary

Multiple Choice

Which of the following accurately describes the treatment of ordinary and extraordinary repairs?

A) Ordinary repairs are expensed as incurred;extraordinary repairs are expensed as incurred.
B) Ordinary repairs are treated as a capital expenditure;extraordinary repairs are expensed as incurred.
C) Ordinary repairs are expensed as incurred;extraordinary repairs are treated as a capital expenditure.
D) Ordinary repairs are treated as a capital expenditure;extraordinary repairs are treated as a capital expenditure.