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Bringing Deeper Meaning to Business and
the Business of Accounting
Classifying your Expenses Correctly?
Repair-Regs-Flowchart5.jpg
This flowchart can help..

 

The final repair regulations have resulted in significant changes to how you classify common supplies, repairs, and maintenance
expenses. Due to these changes, this flowchart helps with classification of operating expenses as part of manufacturing accounting.

Use this flowchart as a guide to:

  • See if your expenses meet exceptions for capitalization
  • See if your expenses are considered "improvements"
  • Decide how to classify repair and maintenance costs

Go with the Flow:

CPAs ▪ Accountants ▪ Technology Professionals ▪ Business Consultants

For more than 70 years, MKS&H has been putting complex financial data into truly meaningful context for our clients. But deeper than dollars and data, our focus is on developing an understanding of you, your culture and your business goals. Business is more than just numbers on a page, and we help bring those numbers to life in a way that you can understand. This unique approach enables you to achieve your greatest potential. MKS&H: We bring deeper meaning to business and the business of accounting.

LOCATIONS

Hunt Valley
11311 McCormick Road, Suite 100
Hunt Valley, Maryland 21031

410-296-6200 (reception)
Fax: 443-589-1165
Directions
Frederick
70 Thomas Johnson Drive, Suite 100
Frederick, Maryland 21702

301-662-2400 (reception)
Fax: 301-695-7913
Directions

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