Business, 12.11.2019 07:31, gabesurlas
Agovernment incurred expenditures for its infrastructure as follows: $20 million for general repairs; $22 million to extend the life of existing infrastructure; $21 million for improvements and additions. if depreciation is to be charged, the amount would be $23 million. which of the following would be true?
a) if the government chose to use the modified approach to record infrastructure, the amount to be charged as expense would be $42 million.
b) if the government chose not to use the modified approach to record infrastructure, the amount to be charged to expense would be $43 million.
c) both a and b.
d) none of the above.
Answers: 3
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Agovernment incurred expenditures for its infrastructure as follows: $20 million for general repair...
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