1
Capitalize
long term asset, amount a company records as the cost of the asset
2
Debit Asset
Cash Credit
3
PPE Expenses
Betterments, Extraordinary repairs, minor repairs
4
Betterments:
Additions and improvements that increase capacity
5
Extraordinary repairs
Expenditures that extend longevity of PPE
6
Minor repairs
Ordinary maintenance to keep the PPE in current working condition