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    Accounting for Governmental Study Set 1
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    Exam 7: Accounting for the Business-Type Activities of State and Local Governments
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    For Which of the Following Assets Can the "Modified Approach
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For Which of the Following Assets Can the "Modified Approach

Question 22

Question 22

Multiple Choice

For which of the following assets can the "modified approach" be elected in lieu of depreciation?


A) Eligible infrastructure assets.
B) All general capital assets.
C) Buildings and equipment.
D) All capital assets.

Correct Answer:

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