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Asked by Ralph

A company incurs a cost for a part which is needed to repair a piece of equipment. Is the cost an asset or an expense? Explain.
15 years ago

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Answered by Ms. Sue
I'd count it as an upkeep expense.

15 years ago
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A company incurs a cost for a part which is needed to repair a piece of equipment. Is the cost an asset or an expense? Explain.

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