For the depreciation of infrastructure:
A. Governments are required to record depreciation in the same manner as other depreciable fixed assets.
B. Governments do not record depreciation for infrastructure.
C. Governments are required to record depreciation using a modified approach.
D. Governments can choose to expense expenditures that extend the life of infrastructure assets in lieu of depreciation.
Answer: D
You might also like to view...
The trial balance may be listed on the work sheet instead of being prepared separately
Indicate whether the statement is true or false
Which firm uses humor (like the Loading Bar) to make its advertising for high-speed Internet service stand out?
a. AOL b. Net-Zero c. Mystic d. Xenia e. Comcast
Which of the following pricing objectives is suitable during the growth stage in the life cycle of
near-commodity goods? A) market share maximization pricing objective B) product-quality leadership pricing objective C) profit maximization pricing objective D) market skimming pricing objective
The starting point of design thinking is which of the following?
a. Will the idea make money? b. Can it be done? c. What do people need? d. How can this product or service be improved?