The Modified Approach to Accounting for Infrastructure Assets May Be

question 15

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.

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Definitions:

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives.

Satisficing

A decision-making strategy that aims for a satisfactory or adequate result, rather than the optimal solution, especially when faced with complex situations.

Ideal Choice

A decision-making process aiming to select the best possible option based on specific criteria or values.

Decision Making

The cognitive process of selecting a course of action from multiple alternatives, often involving judgment or reasoning.