Which of the following statements concerning the accounting and financial reporting for capital assets is false?

a. Capitalization thresholds differ among governments and often within governments among classes of assets. ;

b. All capital assets are reported as assets of the purchasing fund.

c. Proprietary fund capital assets are reported as assets in both the fund financial statements and the government-wide financial statements.

d. Governments may choose the method of depreciation used for its capital assets.

e. Governments may choose to use the modified approach in lieu of reporting depreciation for qualifying infrastructure assets.