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

Question:

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.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 100% (QA)

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

Answered By

Charles mwangi

I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.

4.30+ 2+ Reviews 10+ Question Solved

Related Book For book-img-for-question