---
title: "Repairs and maintenance"
description: "Repairs and maintenance — Costs that keep an asset in working order without extending its life or adding to its capacity. Expensed when incurred; a major replacement or improvement that does, is capitalized."
canonical: "https://lopifi.com/glossary/repairs-and-maintenance"
---

# Repairs and maintenance

> Repairs and maintenance — Costs that keep an asset in working order without extending its life or adding to its capacity. Expensed when incurred; a major replacement or improvement that does, is capitalized.

Source: https://lopifi.com/glossary/repairs-and-maintenance
Part of: Lopifi — Planned: US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

---

**What is repairs and maintenance?** In accounting, repairs and maintenance means costs that keep an asset in working order without extending its life or adding to its capacity. Expensed when incurred; a major replacement or improvement that does, is capitalized.

## Words this system refuses for it

- capital expenditure
- depreciation

- **Category:** Fixed assets & leases
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/lexicon)
- **Related:** asset