Which of the following is NOT true regarding infrastructure assets?

Question

Quizplus · Accepted Answer

Infrastructure assets are depreciable fixed assets and should be recorded as such. Option A is true, as governments can record depreciation in the same manner for infrastructure assets as for other fixed assets. Option C is also true, as governments can choose to expense expenditures that extend the life of infrastructure assets. Option D is true, as expenditures to add to or improve infrastructure assets must be capitalized. Therefore, the option that is NOT true is B, which states that infrastructure assets are never depreciated, when in fact they are.

Which of the Following Is NOT True Regarding Infrastructure Assets