Question

The modified approach to accounting for infrastructure assets may be utilized by a state or local government if:________ i. The government accumulates information about all infrastructure assets within either a network or subsystem of a network. ii. The government capitalizes infrastructure assets. iii. The government expenses costs of maintaining the infrastructure assets. iv. The government chooses to depreciate its infrastructure assets.a) i and iib) i ,ii and ivc) ii and iii

Answer 1

All options

Step-by-step explanation:

Under the modified method, economy is regarded as a limitless capital asset which removes the requirement for taking into account towards depreciation. The updated approach offers details on tangible resources , capital in nature, that are obviously of interest for the phase of budgeting and asset maintenance. Thus, from the above we can conclude that all the given options are correct.