Clive B. Boonah, QLD 0 Likes 0 Followers Are repairs and maintenance to a fixed asset an expense or an increase in value to the asset?If they are an expense, are they operating profit or non-operating profit.Thanks in advance. 8 years ago Responses Louis Nel Mortgage Broker Birkdale, QLD 8 years ago Hi Clive B, the devil is in the detail. It depend on the type of asset. Recomend you speak to a accountant. RegarddLouis (<% currentCount %>) Comment (<% currentCount %>) Share Contact Expert Suresh Rajani Current Rating: 4.6 / 5 Accountant Parramatta, NSW 8 years ago Hi CliveRepairs to an asset are an expense.Whether they are operating or non-operating depends on what the asset is being used. (<% currentCount %>) Comment (<% currentCount %>) Share Contact Expert Clive B. 8 years ago Thank you both.Regards,Clive (<% currentCount %>) Comment (<% currentCount %>) Share Your Answer If you wish to include a video or audio response, you can do this by including links to Youtube, Vimeo or SoundCloud (https://www.youtube.com/watch?v=xxxxxxxxxx OR https://vimeo.com/xxxxxxxxx) <% error.message %>