Can someone explain to me the difference between Maintenance CapEx vs. Repairs and Maintenance you would find on a P&L? Any examples you can use that would differentiate the two?
Changing the oil in a delivery truck would likely be expensed as its benefit would likely be used up in one year or less.
Replacing the truck’s transmission would be maintenance CapEx as it would likely last more than one year.
Thank you!
My pleasure.