Sherry Miller, ARNP is a medicare enrolled Nurse Practitioner - Family in Mason City, Iowa. She graduated from nursing school in 2015 and has 3 years of diverse experience with area of expertise as Nurse Practitioner.
Major repairs to production equipment should be capitalized. The repair to the asset will extend the useful life of the piece of equipment, which is an allowable reason to capitalize an expense. Companies should be careful, however, to not capitalize the maintenance cost of a piece of equipment.
Purchases of Property, Plant and Equipment should be capitalized on a company's financial statements. Property, Plant and Equipment is a very broad name for items that a company purchases that will be classified as an asset and will provide benefit for more than one accounting period.