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

i and ii.

i, ii, and iv.

ii and iii.

i, ii, and iii.

i, ii, iii, and iv.