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

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

ii. The government capitalizes infrastructure assets.

iii. The government expenses costs of maintaining the infrastructure assets.

iv. The government chooses to depreciate its infrastructure assets.

Group of answer choices

i, ii, and iv

ii and iii

i, ii, iii, and iv

i, ii, and iii

i and ii