A betterment is an improvement to a plant asset that makes the asset more efficient or more productive. Betterments are usually expensive in nature and are not expensed like general repairs and maintenance expenses. Found on https://www.myaccountingcourse.com/accounting-dictionary/accounting-diction
A betterment is an improvement to a plant asset that makes the asset more efficient or more productive. Betterments are usually expensive in nature and are not expensed like general repairs and maintenance expenses.