Question: Chapter 5 1 ) What is the difference between using the modified approach to accounting for infrastructureassets and depreciating infrastructure assets? ( 5 Points )

Chapter

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What is the difference between using the modified approach to accounting for infrastructureassets and depreciating infrastructure assets?

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For example, what type of assets can themodified approach be used for? What conditions must be met when using the modifiedapproach? What is the alternative to using the modified approach? This is an upper level courseso please answer this question with the appropriate amount of detail

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