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What is the difference between a capital expenditure and deferred maintenance?

April 26, 2017Capital Deferred difference expenditure maintenance

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What is the difference between a capital expenditure and deferred maintenance?

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“Capital expenditure” is defined in Rule 61B-22.001(2), Florida Administrative Code, as any expenditure of funds for: (a) The purchase of an asset whose useful life is greater than one year in length; (b) The replacement of an asset whose useful life is greater than one year in length; or (c) The addition to an asset that extends the useful life of the previously existing asset for a period of greater than one year in length.