GASB standards require that depreciation be reported on all capital assets except

Name: GASB standards require that depreciation be reported on all capital assets except
Brand: Quizplus
Rating: 4.8 (44 reviews)

Question

Quizplus · Accepted Answer

GASB standards require depreciation to be reported on all capital assets, except for infrastructure assets accounted for using the modified approach. This approach allows for certain infrastructure assets to be exempt from depreciation if they are being maintained at or above a condition level established by the government.

GASB Standards Require That Depreciation Be Reported on All Capital