Final answer:
Deferred maintenance means any maintenance or repair that will be performed less frequently than yearly and which will result in maintaining or extending the useful life of an asset.
Step-by-step explanation:
True
Deferred maintenance refers to maintenance or repair tasks that are performed less frequently than once a year but help in preserving and prolonging the useful life of an asset. This can include activities such as replacing old parts, fixing structural issues, or addressing wear and tear. An example of deferred maintenance could be scheduling a roof repair every five years instead of annually, as long as it does not compromise the asset's overall condition.