The modified approach to accounting for infrastructure assets may be utilized by a state or local government if:The government accumulates information about all infrastructure assets within either a network or subsystem of a network.The government capitalizes infrastructure assets.The government expenses costs of maintaining the infrastructure assets.The government chooses to depreciate its infrastructure assets.
A) i and ii.
B) i, ii, and iv.
C) ii and iii.
D) i, ii, and iii.
E) i, ii, iii, and iv.

Question

Quizplus · Accepted Answer

The modified approach allows governments to not depreciate infrastructure assets if they accumulate information about them and expense maintenance costs, instead of capitalizing them.

The Modified Approach to Accounting for Infrastructure Assets May Be