Repairs and Maintenance
From Knowledge base
Repairs and maintenance generally means the total endeavor to obtain the expected service during the life of tangible capital assets. Maintenance is the regularly recurring activity of keeping assets in normal or expected operating condition while repair is the activity of putting them back into such condition.[1]
Links
CAS 404 - Capitalization of Tangible Assets
References and Notes
- ↑ Volume 7, Section 9904.404-30 Definitions of Title 48 - Federal Acquisition Regulation, 10-1-2001
