N.Y. Comp. Codes R. & Regs. tit. 10 § 441.197
Current through Register Vol. 46, No. 50, December 11, 2024
Effort expended to maintain assets in fit condition to do their work--such items are ordinary and recurring and do not improve the asset or add to its life. A useful distinction can be made between maintenance as preventive and repairs as curative.
N.Y. Comp. Codes R. & Regs. Tit. 10 § 441.197