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If a Government Uses the "Modified Approach" in Accounting for Its

Question 21

Multiple Choice

If a government uses the "modified approach" in accounting for its infrastructure assets,which of the following items properly will not appear in its government-wide statement of activities?


A) depreciation expense for any capital assets
B) interest expense for bonds issued to finance any capital assets
C) depreciation expense for infrastructure capital assets
D) interest expense for bonds issued to finance infrastructure capital assets

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