All of the Following Are True About the Modified Approach

All of the following are true about the modified approach to infrastructure depreciation except:

A) If specific guidelines are met, a government can choose to expense all maintenance costs each year in lieu of recording depreciation.
B) The modified approach specifically excludes infrastructure assets within a network or subsystem of a network.
C) If specific guidelines are met, additions and improvements must be capitalized.
D) For eligible assets, the government must establish a minimum acceptable condition level.
E) The government must have an asset management system in place to monitor the eligible assets.