question 15\nresurfacing a pool in an apartment building would be classified as\na ordinary maintenance and…

question 15\nresurfacing a pool in an apartment building would be classified as\na ordinary maintenance and repairs\nb asset improvements\nc extraordinary repairs\nd none of these choices

question 15\nresurfacing a pool in an apartment building would be classified as\na ordinary maintenance and repairs\nb asset improvements\nc extraordinary repairs\nd none of these choices

Answer

Brief Explanations:

Asset improvements enhance the value or extend the useful life of an asset. Resurfacing a pool in an apartment building is likely to improve its functionality and value, making it an asset improvement. Ordinary maintenance and repairs (Option A) are routine tasks to keep the asset in working condition without significant value - adding. Extraordinary repairs (Option C) usually refer to major restorations due to damage, not enhancements.

Answer:

B. asset improvements