Repairs to building and machinery is categorised under which heads
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Guidance for determining whether a project is a repair or a capital improvement is as follows: Costs to maintain an asset in its normal state of repair are considered ordinary repairs and replacements. Such items are reported as operating expenses and are not capitalized.
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Guidance for determining whether a project is a repair or a capital improvement is as follows: Costs to maintain an asset in its normal state of repair are considered ordinary repairs and replacements. Such items are reported as operating expenses and are not capitalized
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