Finance

What are Maintenance Expenses?

What are Maintenance Expenses?

The term maintenance expense refers to any cost incurred by an individual or business to keep their assets in good working condition. These costs may be spent for the general maintenance of items like running anti-virus software on computer systems or they may be used for repairs such as fixing a car or machinery.

What type of expenditure is repairs and maintenance?

Repairs and maintenance expense is considered to be one of the operational expenses of the company, and therefore, it is categorized as normal expense. Repairs and Maintenance expenses can either be planned or unplanned.

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