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What entry, if any, would a city make in its government-wide financial statements to record depreciation on its $100 million of roads, which it estimates

  1. What entry, if any, would a city make in its government-wide financial statements to record depreciation on its $100 million of roads, which it estimates will last 50 years, if it uses the modified approach?
  2. now assume the city does not use the modified approach.

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