For which of the following assets can the "modified approach" be elected in lieu of depreciation?

Question

Quizplus · Accepted Answer

The modified approach can only be elected for eligible infrastructure assets, which are defined as roads, bridges, tunnels, drainage systems, water and sewer systems, and lighting systems. Buildings and equipment (A), all general capital assets (B), and all capital assets (C) must be depreciated using a systematic and rational method.

For Which of the Following Assets Can the "Modified Approach