Accountancy, asked by neenumaryjames30, 5 months ago

repair is assets or liability​

Answers

Answered by Anonymous
3

Answer:

assets.................,.............

Answered by hansrajpatel1045
0

Answer:

The costs incurred to bring an asset back to an earlier condition or to keep the asset operating at its present condition (as opposed to improving the asset). For example, if a company truck is damaged, the cost to repair the damage is immediately debited to repairs and maintenance expense.

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