The Modified Approach to Accounting for Infrastructure Assets May Be

Multiple Choice

The modified approach to accounting for infrastructure assets may be utilized by a state or local government if:
i.The government accumulates information about all infrastructure assets within either a network or subsystem of a network.
ii.The government capitalizes infrastructure assets.
iii.The government expenses costs of maintaining the infrastructure assets.
iv.The government chooses to depreciate its infrastructure assets.

A) i and ii.
B) i,ii,and iv.
C) ii and iii.
D) i,ii,and iii.
E) i,ii,iii,and iv.