Multiple Choice
A government incurred expenditures for its infrastructure as follows: $20 million for general repairs; $21 million to extend the life of existing infrastructure; $22 million for improvements and additions.If depreciation is to be charged,the amount would be $23 million.Which of the following would be true?
A) If the government chose to use the modified approach to record infrastructure, the amount to be charged as expense would be $43 million.
B) If the government chose not to use the modified approach to record infrastructure, the amount to be charged to expense would be $41 million.
C) Both A andB
D) None of the above.
Correct Answer:

Verified
Correct Answer:
Verified
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