Business, Legal & Accounting Glossary
A change in, or addition to, a non-current (fixed) asset that extends its useful life or increases the expected future benefit. Contrast with repair which restores the existing useful life or existing expected future benefit.
improve, improved, advance, progress, improving
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Improvement are sourced/syndicated and enhanced from:
This glossary post was last updated: 7th January, 2020 | 3 Views.