b. Repairs and upkeep

The following are considered expenses for conservation and repair of the affected material asset:

• Those carried out regularly with the purpose of maintaining the normal use of material goods.

• Those for replacing elements that are not subject to amortization and whose unusability is a consequence of the normal operation or use of the assets in which they are integrated.

• Those for adaptation or readaptation of material elements of fixed assets, when they do not entail an increase in their value or productive capacity.

Conservation or repair expenses will not be considered expenses that entail expansion or improvement of the material asset and are, therefore, amortizable.

See in this regard the Resolution of March 1, 2013, of the Institute of Accounting and Auditing of Accounts, which establishes standards for the registration and valuation of tangible assets and real estate investments (BOE of March 8).