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  3. ordinary repairs meet all of the following criteri

Ordinary repairs meet all of the following criteria except: a Are expenditures to keep an...

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Accounting

Ordinary repairs meet all of the following criteria except:

a Are expenditures to keep an asset in normal operating condition.

b Are necessary if an asset is to perform to expectations over its useful life.

c Extend the useful life of an asset beyond its original estimate.

d Include cleaning, lubricating, and normal adjusting.

e Are treated as expenses.

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