Per the modified approach, a government need not a. capitalize infrastructure assets. b. depreciate infrastructure...
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Accounting
Per the modified approach, a government need not a. capitalize infrastructure assets. b. depreciate infrastructure assets c. report in its fund statements expenditures to acquire or construct infrastructure assets. d. record maintenance costs as expenditures
The answer is b. But I think the answer a should be correct. Under the modified approach, there is no capitalize and depreciate. I don't know why it only chooses b. Please help explain.
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