Carmel County has prepared the following schedule related to its capital asset activity for the fiscal year 2017. Carmel County has governmental activities only, with no business-type activities.

Required
a. Does the above capital asset footnote disclosure comply with the GASB requirements? Explain.
b. Does the county use the modified approach to account for infrastructure assets? Explain.

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CARMEL COUNTY Capital Asset Disclosures For the Year Ended December 31, 2017 January 1 Change December 31 Total capital assets not being depreciated (land, infrastructure, machinery under capital lease, and construction work in progress) $61,721,000 $9,158,000 $70,879,000 Total capital assets being and collections) 13,421,000 (3,464,000) $71,678,000 1,647,000 (558,000) $10,247,000 15,068,000 (4,022,000) $81,925,000 Capital assets, net