Final answer:
One of the requirements to elect not to depreciate certain eligible infrastructure assets is that the government manages the assets using a plan of operation that meets specific criteria.
Step-by-step explanation:
One of the requirements to elect not to depreciate certain eligible infrastructure assets is that the government manages the assets using a plan of operation that meets specific criteria.
This plan outlines how the assets will be managed, maintained, and used by the government. It includes details such as the objectives, responsibilities, and procedures for managing the assets.
For example, if a state government wants to elect not to depreciate a road infrastructure asset, they must have a plan of operation in place that clearly outlines how the road will be maintained, repaired, and used by the government. The plan should meet specific criteria set by the relevant authorities.
Having a plan of operation ensures that eligible infrastructure assets are managed and maintained effectively, which can help improve the longevity and usability of these assets.