Asked by Zixin Zhang on Jul 06, 2024
Verified
Exterior and interior painting
A) Ordinary maintenance and repairs
B) Asset improvements
C) Extraordinary repairs
Painting
The practice of creating artwork by applying pigment to a surface, such as canvas, paper, or a wall, using tools like brushes.
- Identify the distinctions among several cost classifications, like regular upkeep and repairs, improvements to assets, and major overhauls.
Verified Answer
SB
Simran BadhanJul 12, 2024
Final Answer :
A
Explanation :
Exterior and interior painting are generally considered part of ordinary maintenance and repairs to keep the property in good condition. They are not typically considered asset improvements, which involve making significant upgrades to the property, or extraordinary repairs, which involve major restoration or reconstruction due to damage or deterioration.
Learning Objectives
- Identify the distinctions among several cost classifications, like regular upkeep and repairs, improvements to assets, and major overhauls.