Cross Country Trucking Company recently replaced the oil filter on one of its cross country rigs. How should one account for this cost?

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a. As a repair and maintenance expense.

b. As an increase in the cost of the truck.

c. As a reduction in accumulated depreciation associated with the truck.

d. As an intangible asset.

Question ajoutée par Mohamed Hakeem Meerashahib , Branch Manager , Sri Lanka State Trading (General) Corporation
Date de publication: 2016/02/13

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par elibert singson , Accountant , ALGARAWI TRADING EST

A. as a repair and maintenance expense

The answer is A. As a repair and maintenance expense.

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