b. Repairs and upkeep

The following are considered to be expenses for the conservation and repair of the affected tangible asset:

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

• Those for the replacement of elements that are not susceptible to amortization and whose disuse is a consequence of the normal functioning or use of the assets in which they are integrated.

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

Expenses that involve the expansion or improvement of tangible assets and are therefore amortizable will not be considered maintenance or repair costs.

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