Solved: r 2 cos 2 r

April 4 - 8 th Expenditures after Acquisition  Costs over the life of an asset occur for every company  Costs include o Ordinary repairs and maintenance o Additions o Improvements  Capitalized- added to an asset; make PPE more useful or productive; extend the life of the asset o Expenditure added to an asset account and are subject to depreciation o Large amounts of money o Major repairs, additions, remodeling of buildings, and other betterments  Revenue- do not increase the future benefits of an asset; maintain the level of benefits the asset is already providing; these expenses are usually frequent