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Statistical Terms

Repair cost (Maintenance cost)

Definition
  • Refers to all costs incurred for maintaining normal functions of tangible assets at hand for carrying out production activities
Commentary
  • Expenses paid to contractors for repairing services on tangible assets such as buildings, automobiles, machinery equipments and tools.
  • Includes actual costs incurred in repairing agricultural equipments used for raising livestock, buildings and structures for functional improvements during the survey period.
Source KOSTAT (Economic Census and other)
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