According to GASB 34, infrastructure fixed assets a. Must be capitalized and depreciated. b. Must be capitalized,

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According to GASB 34, infrastructure fixed assets

a. Must be capitalized and depreciated.

b. Must be capitalized, but governments do not have to depreciate them.

c. May be capitalized and depreciated.

d. Must be reported using the modified approach.

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Answer The correct answer is c May be capitalized and depreciated According to GASB 34 Governmental Accounting Standards Board Statement No 34 infrastructure fixed assets may be capitalized and depreciated This means that governments have the option to capitalize and depreciate ...View the full answer

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