11&12

If the governmental unit elects the traditional approach to reporting infrastructure expenses, how are non-preservation costs (an improvement) reported? a. revenue b. expenditures c. capitalized and written off over the useful life d. capital projects fund e. expenses Which of the following costs should not be capitalized and reported on the city's government-wide statements of net assets? a. internally developed asset b. books to be purchased and held for the public library c. costs spent in acquiring a new parcel of land for the city (not talking about the land, just the costs) d. computer software purchased from outside vendors