Equipment maintenance costs, should be charged to current administrative expenses or selling expenses, respectively, according to the different circumstances at the time of occurrence.
Accounting entries:
Borrow: management expenses (enterprise production workshop and administration)
Selling expenses (dedicated sales organization)
Credit: bank deposits, etc.
Fixed assets refer to tangible assets that have the following characteristics at the same time:
(1) for the purpose of production of goods, the provision of labor services, leasing, or business management and held;
(2) have a useful life of more than one fiscal year.
E.g., machinery, equipment, houses, buildings, appliances, and tools used for production and operation.
The fixed assets of an enterprise are divided into seven categories:
(1) fixed assets for production and operation;
(2) fixed assets for non-production and operation;
(3) leased fixed assets (fixed assets leased by an enterprise for use by an outside organization under operating leases);
(4) fixed assets not required;
(5) Unused fixed assets;
(6) Land;
(7) Fixed assets under finance leases.