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Clive B.
Clive B.
Boonah, QLD
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Are repairs and maintenance to a fixed asset an expense or an increase in value to the asset?

If they are an expense, are they operating profit or non-operating profit.

Thanks in advance.

7 years ago

Responses

Hi Clive B, the devil is in the detail. It depend on the type of asset.
Recomend you speak to a accountant.
Regardd
Louis

Hi Clive

Repairs to an asset are an expense.

Whether they are operating or non-operating depends on what the asset is being used.

7 years ago

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