How to financials: Difference between revisions
From Pumping Station One
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* Repair and Maintenance - The costs incurred to bring an asset back to an earlier condition or to keep the asset operating at its present condition (as opposed to improving the asset). Fixing non-consumable things in the machine. These things are less frequently replaced. | * Repair and Maintenance - The costs incurred to bring an asset back to an earlier condition or to keep the asset operating at its present condition (as opposed to improving the asset). Fixing non-consumable things in the machine. These things are less frequently replaced. | ||
** Example: cleaning fluid, belts. | ** Example: cleaning fluid, belts. | ||
* | * Tools - Tools or permanent improvement to tools or area. | ||
** These include things like shelving. | ** These include things like shelving. | ||
* Office Expenses | * Office Expenses | ||
