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In accordance with GASB 34, Basic financial Statements - and Management's Discussion and Analysis - for State and Local Governments, which of the following is
In accordance with GASB 34, Basic financial Statements - and Management's Discussion and Analysis - for State and Local Governments, which of the following is true? I. Depreciation expense on the infrastructure assets should be reported on the government-wide statement of activities if the government adopted to use the modified approach in its accounting for infrastructure. II. Component units are reported on the financial statements for governmental funds. I only II only Both I and II Neither I and
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