The modified approach to accounting for infrastructure assets may be utilized by a state or local government if:

The government accumulates information about all infrastructure assets within either a network or subsystem of a network.

The government capitalizes infrastructure assets.

The government expenses costs of maintaining the infrastructure assets.

The government chooses to depreciate its infrastructure assets.

Multiple Choice

a) i and ii.

b) i, ii, and iv.

c) ii and iii.

d) i, ii, and iii.

e) i, ii, iii, and iv.