If a Government Elects the Modified Approach with Regard to Capitalization

If a government elects the modified approach with regard to capitalization of infrastructure

A) Costs to preserve infrastructure assets are expensed as incurred with no additional disclosure required.
B) Costs to preserve infrastructure assets are expensed as incurred and disclosure of assessed condition is required.
C) Costs to preserve infrastructure assets are capitalized as incurred and depreciated over the estimated useful life with no additional disclosure required.
D) Costs to preserve infrastructure assets are capitalized as incurred and NOT depreciated over the estimated useful life with additional disclosure required.