Once equipment has been installed and placed in operation, subsequent expenditures relating to this equipment are frequently thought of as repairs or general maintenance and, hence, chargeable to...

Once equipment has been installed and placed in operation,
subsequent expenditures relating to this equipment
are frequently thought of as repairs or general maintenance
and, hence, chargeable to operations in the period
in which the expenditure is made. Actually, determination
of whether such an expenditure should be charged
to operations or capitalized involves a much more careful
analysis of the character of the expenditure. What are
the factors that should be considered in making such a
decision? Discuss fully.