N.Y. Comp. Codes R. & Regs. tit. 10 § 451.230

Current through Register Vol. 46, No. 45, November 2, 2024

Section 451.230 - Repair

(a) The restoration of a capital asset to its full productive capacity, or a contribution thereto, after damage, accident or prolonged use, without increase in its previously estimated service life or productive capacity.

(b) The charge to operations representing the cost of such restoration.

N.Y. Comp. Codes R. & Regs. Tit. 10 § 451.230