Multiple Choice
Which of the following is not true regarding infrastructure assets?
A) Governments can record depreciation in the same manner as for other depreciable fixed assets.
B) Infrastructure assets are never depreciated.
C) Governments can choose to expense expenditures that extend the life of infrastructure assets.
D) Expenditures to add to or improve infrastructure assets must be capitalized.
Correct Answer:
Verified
Correct Answer:
Verified
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