Home Site Editor Log On Home » Taxonomy term Are Maintenance and repair cost capitalized? No. Costs associated with maintenance and repairs are expensed in the period incurred. Examples are; custodial services, repainting a room, fixing a leaky faucet, and replacing parts to an engine. MiddTags: MiddTags: maintenancefixed assetcapitalized equipmentrepair cost Read more about Are Maintenance and repair cost capitalized?