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    Essentials of Accounting Study Set 3
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    Exam 8: Government-Wide Statements: Capital Assets; Long-Term Debt
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    When Using the Modified Approach to Account for Infrastructures, Expenditures
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When Using the Modified Approach to Account for Infrastructures, Expenditures

Question 142

Question 142

Multiple Choice

When using the modified approach to account for infrastructures, expenditures to extend the life of the infrastructure assets are:


A) Expensed.
B) Capitalized.
C) Either A or B.
D) Neither A nor B.

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