Betterment

Improvement expenditures that improve or increase the service capabilities of an asset even beyond its original new condition; These costs can be capitalized by increasing the cost of the asset

- Used in planning, organizing, and controlling business operations.
- Used when setting KPIs, policies, procedures, and improving processes.

- Example: Management applies **Betterment** when designing policies and monitoring performance against targets.

- Why it matters: Improves execution, accountability, and decision speed while reducing operational waste.