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Category > Business & Finance Posted 03 May 2017 My Price 3.00

A city builds sidewalks throughout its various neighborhoods

A city builds sidewalks throughout its various neighborhoods at a cost of $200,000. Which of the following is not true?

a. Because the sidewalks qualify as infrastructure, the asset is viewed in the same way as land so that no depreciation is recorded.

b . Depreciation is required unless the modified approach is utilized.

c . The modified approach recognizes maintenance expense in lieu of depreciation expense for qualifying infrastructure assets.

 

d. The modified approach is allowed only if the city maintains the network of sidewalks at least at a predetermined condition.

Answers

Alpha Geek
(8)
Status NEW Posted 03 May 2017 10:05 AM My Price 3.00

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file 1493807167-answer1.docx preview (106 words )
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