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Definition: Maintenance and repairs (of fixed assets)

SNA 1993

Ordinary maintenance and repairs of fixed assets are activities that owners or users of fixed assets are obliged to undertake periodically in order to be able to utilise assets over their expected service lives (they are current costs that cannot be avoided if the fixed assets are to continue to be used); maintenance and repairs do not change the fixed asset or its performance, but simply maintain it in good working order or restore it to its previous condition in the event of a breakdown (note the contrast between this item and "major renovations or enlargements").
United Nations, "System of National Accounts (SNA) 1993", United Nations, New York, 1993, § 6.161