gasb no.34 & expenditure and expense difference

Project Description:

(1.) although statement no. 34 requires that infrastructure assets be accounted for similarly to other capital assets, it allows for a major exception with regard to depreciation. what is that exception?

(2.) a government’s interest expenditure, as reported in its debt service fund, differs significantly from its interest expense, as reported in its government-wide statements. what is the most likely explanation for the difference?
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Price Type: Negotiable

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