A government that uses the modified approach to account for qualifying assets should report All infrastructure asset related costs for the year as expenses All infrastructure asset related costs for the year as assets All infrastructure asset related costs for the year as expenses, unless they were additions or qualitative improvements All infrastructure asset related costs for the year as assets unless incurred in disposing of an infrastructure asset

Answer rating: 100% (QA)

i ii and iii Approaches to Accounting for Infrastructure by State or Local Government Traditional De... View the full answer