Instructions: Provide complete answers to the following two questions.

1. Although Statement No. 34 requires that infrastructure assets be accounted for similarly to other capital assets, it allows for a major exception with regard to depreciation. What is that exception?
2. A governments interest expenditure, as reported in its debt service fund, differs significantly from its interest expense, as reported in its government-wide statements. What is the most likely explanation for the difference?

Requirements:

• Submityourresponsestothefollowingquestionsina1-2pagedocumentinMSWord.Labeleachquestionclearly.Pleaseincludecomputationsinatable.
• Use APA format with in text citations and references.
• For written answers, please make sure your responses are grammatically correct and free from spelling errors.