Question

Which of the following would qualify as maintenance and repairs expenses? (Check all that apply.)

a. Replacing the perimeter fence.
b. Sealing the deck.
c. Cleaning the interior carpet.
d. Replacing the built-in dishwasher.
e. Replacing air filters.

Answer 1

Replacing the perimeter fence, sealing the deck, and replacing air filters would qualify as maintenance and repairs expenses.

Step-by-step explanation:

Maintenance and repairs expenses are costs incurred to keep assets in good working condition or restore them to their original state. In the given options, the expenses that would qualify as maintenance and repairs are:

• Replacing the perimeter fence
• Sealing the deck
• Replacing air filters

These expenses involve repairing or replacing worn-out or damaged components of the assets.