All of the Following Are True About the Modified Approach

question 25

Multiple Choice

All of the following are true about the modified approach to infrastructure depreciation except:

• A) If specific guidelines are met, a government can choose to expense all maintenance costs each year in lieu of recording depreciation.
• B) The modified approach specifically excludes infrastructure assets within a network or subsystem of a network.
• C) If specific guidelines are met, additions and improvements must be capitalized.
• D) For eligible assets, the government must establish a minimum acceptable condition level.
• E) The government must have an asset management system in place to monitor the eligible assets.

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