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  • Unit Maintenance Expense Summary Report - Jj Keller & Associates

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Copyright 1994 & Published by J. J. KELLER & ASSOCIATES, INC. 3003 W. Breezewood Lane Neenah, WI 54957-0368 USA UNIT MAINTENANCE EXPENSE SUMMARY REPORT For Month of COMPANY NAME ADDRESS CITY.

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An additional cost of owning an apartment or condo is their monthly maintenance fees. The monthly fee covers the cost of the upkeep of the buildings, grounds, and common areas. Your monthly fee can be as low as $50 per month to more than $1,000 per month—depending on the location and size of the apartment.

To record a repair or maintenance expense in your records, debit the repairs and maintenance expense account by the amount of the expense in a journal entry. A debit increases an expense account. Credit either the cash or accounts payable account by the same amount depending on how you will pay for the expense.

Maintenance expenses are costs incurred when performing routine actions to keep an asset in its original condition. Examples of maintenance costs include simple electrical repairs, bulb replacement, paint touch-ups, pool cleaning, lawn care, etc.

Operating costs include direct costs of goods sold (COGS) and other operating expenses—often called selling, general, and administrative (SG&A)—which include rent, payroll, and other overhead costs, as well as raw materials and maintenance expenses.

These three categories include : Fixed costs. Fixed costs are the consistent costs a company pays to maintain its equipment, facility or other assets. ... Variable costs. Variable maintenance costs change with the productivity of a company. ... Semi-variable costs.

Repair and maintenance costs are incurred in order to restore the condition of an asset. The proper accounting for these costs is to charge them to expense in the period incurred, when using the accrual basis of accounting.

Common repair and maintenance expenses include costs incurred for: Replacing broken or worn-out parts with comparable parts. Repairing HVAC units, toilets, and faucets. Cleaning building structures and systems.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232