Question

Maintenance charges are in the nature of …………………expenses

Answer 1

Answer:

Semi variable expenses are those which are partly fixed and partly variable. Maintenance charges of an equipment has a fixed component which are paid for regular preventive and variable component as repair expenses which increases in proportion to the production.

Answer 2

Answer:

Revenue

Explanation:

Revenue expenses are related to existing assets and it includes repairs and regular maintenance as well as repainting and renewal expenses. Revenue expenditures can be considered to be recurring expenses in contrast to the one-off nature of most capital expenditures.