Question

Expenditures that maintain the operating efficiency and expected productive life of a plant asset are generally

a. expensed when incurred.
b. capitalized as a part of the cost of the asset.
c. debited to the Accumulated Depreciation account.
d. not recorded until they become material in amount.

Answer 1

A. Expensed when incurred.

Step-by-step explanation:

An incurred expense is basically the cost that are unpaid for. Paid expenses are incurred expenses once you paid for it (Eg credit card).