Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which of the following is not a requirement that m

Which of the following is not a requirement that must be met to elect the...

70.2K

Verified Solution

Question

Accounting

Which of the following is not a requirement that must be met to elect the "modified approach" to reporting certain eligible infrastructure assets?

Group of answer choices

The government gets the permission of the Government Accounting Standards Board.

The government manages the assets using an asset management system that includes estimates each year of the annual amount needed to maintain and preserve the eligible assets at the condition level established and disclosed by the government.

The government documents that the eligible infrastructure assets are being preserved approximately at (or above) the condition level established and disclosed.

The government manages the assets using an asset management system that includes condition assessments of the assets and summary of results using a measurement scale.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

television The height of the television is 29 6 inches What is the lenght of...

Geometry
Q

The five major steps involved in a predation act can be summarised as 1) prey perception, 2)...

Biology
Q

Do you agree or disagree that the U.S. should raise the minimum wage? How could this...

Economics
Q

An investigator wishes to conduct a test of the effect of alcohol consumption on the performance...

Statistics
Q

O a Molecular sequencing data b Morphological similarities among organisms c Neither morphological similarities or...

Biology
Q

1 point Let P n be the predicate 8n7 n where the domain of n...

Basic Math
Q

EXERCISE 5-5 The Income Statement columns of the work sheet of Redfax Company for the...

Accounting
Q

On January 2,2021, Athol Company bought a machine for use in operations. The machine has...

Accounting
Q

Maple Cargo is an all-cargo airline that operates on four continents. Its headquarters are in...

Accounting
Q

Current Attempt in Progress Bonita and Associates, a CPA firm, uses job order costing to...

Accounting
Q

The SXG company has a 5% AP convertible emitting in circulation. The conversion price is...

Finance
Q

AUM Company sells three products and offers quantity discounts to the customers. AUM Company wants...

Accounting