repairs

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repairs

Work to return a property to its former condition without extending its life.Repairs are fully deductible on the current year's tax returns.

Repairs

Repairs are expenditures to keep business-use property in good operating condition that do not significantly add to the value of the property or extend its useful life. Also se "Capital Improvement."
References in periodicals archive ?
In addition to opening the second location in Plano, All Pro Appliance and TV Repair has added two appliance repair technicians to its staff, and two new vans to its fleet of repair vehicles.
As under current law, the threshold issue in applying the repair rules is identifying the relevant unit of property.
He had been trying for seven years to repair his sidewalk, which has been buckled by tree roots that stretch all the way to the front of his house.
In other words, armorers can stock any unclassified small arms repair parts that qualify as bench stock in the arms room.
The team then measured the number of BPDE-DNA adducts to determine the extent of DNA damage and repair capacity.
But in the real world, where funds are limited, deferring repair of an off-street crack that has been stable for ten years might be a rational choice for an owner.
The district court had to determine whether the costs incurred to send an engine or APU to an ESV were deductible repair expenses under Sec.
In September 1990, AFSAC solicited and awarded the first non-standard support contract to Systems Control Technology (SCT) under the Non-Standard Item Parts and Repair System (NIPARS) contract.
Insurers are waking up and saying, 'We only have one chance to make our customers happy, and it's in a shop that we don't own, don't control and have no say over, and we're getting blamed when the bathrooms are dirty,'" Sullivan said in Collision Repair Industry Insight.
Reestablishing repair cost limits and permanent waivers can overcome potential financial distress; such measures also weaken the potential effectiveness of the program.
The total investment for a shoe repair franchise can run $135,000 or more, taking into account ongoing advertising and maintenance costs.