I. GENERAL
This series of G/L accounts should be used to record expenses of preventative maintenance or routine repairs incurred for Plant and Equipment items which were charged to the 66xxxx or 67xxxx series of G/L accounts when purchased.
These G/L accounts should also be used to record renovations, alterations and rebuilding projects if such work does not significantly extend the useful life or enhance the original value of the facility. For more information on when such work should be capitalized, refer to GAP 200.050, Plant & Equipment Capitalization.