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1 . A federal agency is responsible for maintaining a series of antennas. It has identified several in need of new framework components to prevent

1. A federal agency is responsible for maintaining a series of antennas. It has identified several in need of new framework components to prevent an eventual collapse. If these repairs are delayed, the estimated costs of the framework components should be:
a. Reported as a PP&E purchase when they take place, since the agency is buying new structural components
b. Reported as deferred maintenance and repairs
c. Dealt with as appropriate when they occur
2. The federal agency responsible for maintaining the series of antennas inspects them every five years to determine their condition. This is an example of:
a. Condition assessment surveys
b. Life cycle cost forecasts
c. Maintenance identification cycles
3. When reporting deferred maintenance and repairs, an agency must stratify the amounts using some system that differentiates critical from noncritical maintenance.
a. True
b. False
4. Which of the following is not considered RSI?
a. MD&A
b. Deferred maintenance
c. Payment Integrity Information Act reporting
d. Consolidating Statement of Budgetary Resources
5. Guidance on the form and content of an agencys MD&A is contained entirely in SFFAS 15.
a. True
b. False

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