In Contrast to Maintenance and Repair Expenditures, Which Are Operating

Multiple Choice

In contrast to maintenance and repair expenditures, which are operating expenses, the improvement decision generally involves a capital expenditure meant to increase the value of the structure. Which of the following classifications of improvements calls for the restoration of a property to satisfactory condition without changing the floor plan, form, or style of the structure??

A) Rehabilitation
B) Remodeling
C) Adaptive reuse
D) Conversion