In the recording of costs of general capital assets, a certain city finance officer instructed the staff:

a) To ignore items costing under $5,000.

b) To ignore all costs for street paving, curbs, gutters, and sidewalks.

c) To ignore all assets acquired under lease agreements

For each of the three practices listed above, state whether you believe the practice is in conformity with generally accepted accounting principles. Defend the answers.