➡️ Know the difference between the two types of expenses in property maintenance!

➡️ What is the difference between repair expenses and improvement expenses?
➡️ What types of costs would be classified as repair and maintenance expenses?
➡️ How often should repairs and maintenance be done?
➡️ How do you know when an expense should be classified as a repair or an improvement?
➡️ Are repairs and maintenance costs considered capital expenditures?

The distinction between repair expenses and improvement expenses lists some of the typical costs associated with repairs and maintenance for a business. It is important for business owners to know the difference between the two types of expenses to ensure that their property is maintained in an efficient and effective way!